Is Chinatown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Chinatown has remained a Buyer's Market.
Key Takeaway
Chinatown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chinatown, PA
How much do homes in Chinatown, PA cost?
Median Sold Price
$296,050
$305/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Chinatown have sold for 16.6% less than they did a month ago.
Summary: The median home sold price in Chinatown was $296,050 in April 2024, down 16.6% from last month, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $230K | N/A |
| 2 Bedrooms | $355K | $323K | -9.0% |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Chinatown housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Callowhill | $255K | $297.5K | +16.7% |
| Chinatown | $355K | $296K | -16.6% |
Housing Supply in Chinatown, PA
How many homes are available in Chinatown, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 31 | +14.8% |
Summary: The Chinatown real estate market had 31 homes for sale in April 2024, a 14.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 11 | +22.2% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Chinatown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 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 |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chinatown, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Chinatown in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Chinatown, PA
How long does it take to sell a home in Chinatown, PA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 Days | 86 Days | +1635.0% |
Summary: Homes in Chinatown had an average of 86 days on market in Apr 2024, up by 1635% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chinatown are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Chinatown; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
