Is Northern Liberties, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Northern Liberties was a Seller's Market.
Key Takeaway
Northern Liberties is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northern Liberties, PA
How much do homes in Northern Liberties, PA cost?
Median Sold Price
$500,000
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Northern Liberties have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Northern Liberties was $500,000 in April 2024, down 2.4% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $315K | +1.6% |
| 2 Bedrooms | $475K | $452K | -4.8% |
| 3 Bedrooms | $630K | $615K | -2.4% |
| 4 Bedrooms | $657.4K | $665K | +1.1% |
| 5+ Bedrooms | $887.5K | $1.1M | +33.8% |
Summary: Northern Liberties housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 33.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Poplar | $355K | $467.5K | +31.7% |
| Olde Kensington | $445K | $486K | +9.2% |
| Fishtown | $417K | $440K | +5.5% |
| Northern Liberties | $512.5K | $500K | -2.4% |
Housing Supply in Northern Liberties, PA
How many homes are available in Northern Liberties, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 94 | 116 | +23.4% |
Summary: The Northern Liberties real estate market had 116 homes for sale in April 2024, a 23.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 15 | +36.4% |
| 2 Bedrooms | 31 | 29 | -6.5% |
| 3 Bedrooms | 39 | 55 | +41.0% |
| 4 Bedrooms | 9 | 14 | +55.6% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Northern Liberties housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 36.4%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 41%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Northern Liberties, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Northern Liberties in April 2024, down by 26.3% month-over-month. Of the 14 sold homes, 64% were sold under asking, 29% were sold at asking, and 7% were sold over asking.
Days on Market for Northern Liberties, PA
How long does it take to sell a home in Northern Liberties, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 64 Days | +42.6% |
Summary: Homes in Northern Liberties had an average of 64 days on market in Apr 2024, up by 42.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northern Liberties are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Northern Liberties; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
