Is Center City, 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, Center City has remained a Seller's Market.
Key Takeaway
Center City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Center City, PA
How much do homes in Center City, PA cost?
Median Sold Price
$180,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Center City have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Center City was $180,000 in April 2024, up 5.9% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $100K | +5.3% |
| 2 Bedrooms | $116.5K | $132K | +13.3% |
| 3 Bedrooms | $150K | $160K | +6.7% |
| 4 Bedrooms | $181K | $185K | +2.2% |
| 5+ Bedrooms | $191.4K | $210K | +9.7% |
Summary: Center City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Center City | $170K | $180K | +5.9% |
| Dawn Square | $178.7K | $180K | +0.7% |
| Old Allentown Historic District | $160K | $150K | -6.3% |
Housing Supply in Center City, PA
How many homes are available in Center City, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 95 | 83 | -12.6% |
Summary: The Center City real estate market had 83 homes for sale in April 2024, a 12.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 31 | 20 | -35.5% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 38 | 39 | +2.6% |
Summary: The Center City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 35.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 2.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 29 | +31.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Center City, you may be able to get a good deal. 37.9% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Center City in April 2024, up by 31.8% month-over-month. Of the 29 sold homes, 38% were sold under asking, 28% were sold at asking, and 34% were sold over asking.
Days on Market for Center City, PA
How long does it take to sell a home in Center City, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 15 Days | -60.0% |
Summary: Homes in Center City had an average of 15 days on market in Apr 2024, down by 60% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Center City are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 29 homes were sold in Center City; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
