Is Avenue of the Arts, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Avenue of the Arts has remained a Buyer's Market.
Key Takeaway
Avenue of the Arts is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Avenue of the Arts, PA
How much do homes in Avenue of the Arts, PA cost?
Median Sold Price
$297,937
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Avenue of the Arts have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Avenue of the Arts was $297,937 in April 2024, down 0.7% from last year, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $267.7K | $275K | +2.7% |
| 2 Bedrooms | $385K | $368.7K | -4.2% |
| 3 Bedrooms | $755K | $550K | -27.2% |
| 4 Bedrooms | - | $1.2M | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Avenue of the Arts housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 27.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Avenue of the Arts | $300K | $297.9K | -0.7% |
| Washington Square West | $530.5K | $482K | -9.1% |
| Center City | $543.7K | $461.6K | -15.1% |
| Rittenhouse Square East | $485K | $410K | -15.5% |
Housing Supply in Avenue of the Arts, PA
How many homes are available in Avenue of the Arts, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 29 | +11.5% |
Summary: The Avenue of the Arts real estate market had 29 homes for sale in April 2024, a 11.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 19 | +11.8% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Avenue of the Arts housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Avenue of the Arts, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Avenue of the Arts in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Avenue of the Arts, PA
How long does it take to sell a home in Avenue of the Arts, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 40 Days | 22 Days | -44.0% |
Summary: Homes in Avenue of the Arts had an average of 22 days on market in Apr 2024, down by 44% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Avenue of the Arts are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Avenue of the Arts; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
