Is Point Breeze, 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, Point Breeze has remained a Seller's Market.
Key Takeaway
Point Breeze is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Point Breeze, PA
How much do homes in Point Breeze, PA cost?
Median Sold Price
$336,333
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Point Breeze have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Point Breeze was $336,333 in April 2024, up 0.8% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $235K | +46.9% |
| 2 Bedrooms | $290K | $285K | -1.7% |
| 3 Bedrooms | $375K | $357K | -4.8% |
| 4 Bedrooms | $412.4K | $449.9K | +9.1% |
| 5+ Bedrooms | $330K | $476.2K | +44.3% |
Summary: Point Breeze housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.9%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 44.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Passayunk Square | $397K | $410K | +3.3% |
| Schuylkill / Graduate Hospital | $597.5K | $605K | +1.3% |
| Point Breeze | $333.6K | $336.3K | +0.8% |
| South Philadelphia | $346.4K | $340.5K | -1.7% |
Housing Supply in Point Breeze, PA
How many homes are available in Point Breeze, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 165 | 185 | +12.1% |
Summary: The Point Breeze real estate market had 185 homes for sale in April 2024, a 12.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 40 | 43 | +7.5% |
| 3 Bedrooms | 89 | 102 | +14.6% |
| 4 Bedrooms | 29 | 29 | 0.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Point Breeze housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 14.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 31 | +14.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Point Breeze, you may be able to get a good deal. 58.1% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Point Breeze in April 2024, up by 14.8% month-over-month. Of the 31 sold homes, 58% were sold under asking, 23% were sold at asking, and 19% were sold over asking.
Days on Market for Point Breeze, PA
How long does it take to sell a home in Point Breeze, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 59 Days | 68 Days | +15.8% |
Summary: Homes in Point Breeze had an average of 68 days on market in Apr 2024, up by 15.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Point Breeze are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 31 homes were sold in Point Breeze; 52% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
