Is Nicetown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Nicetown has remained a Buyer's Market.
Key Takeaway
Nicetown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Nicetown, PA
How much do homes in Nicetown, PA cost?
Median Sold Price
$90,000
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Nicetown have sold for 21.7% less than they did a year ago.
Summary: The median home sold price in Nicetown was $90,000 in March 2024, down 21.7% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $115K | $97.5K | -15.2% |
| 3 Bedrooms | $97.5K | $85K | -12.8% |
| 4 Bedrooms | $150K | $175K | +16.7% |
| 5+ Bedrooms | $107K | - | N/A |
Summary: Nicetown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.2%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Logan | $125K | $133K | +6.4% |
| Upper North Philadelphia | $89.9K | $82.3K | -8.4% |
| Hunting Park | $90.5K | $80K | -11.6% |
| Nicetown | $115K | $90K | -21.7% |
Housing Supply in Nicetown, PA
How many homes are available in Nicetown, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 53 | +6.0% |
Summary: The Nicetown real estate market had 53 homes for sale in March 2024, a 6.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 23 | 28 | +21.7% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Nicetown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 21.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nicetown, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Nicetown in March 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Nicetown, PA
How long does it take to sell a home in Nicetown, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 111 Days | 68 Days | -39.0% |
Summary: Homes in Nicetown had an average of 68 days on market in Mar 2024, down by 39% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Nicetown has remained consistent over time.
Summary: During March 2024, 1 homes were sold in Nicetown; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
