Is Upper North Philadelphia, 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, Upper North Philadelphia has remained a Buyer's Market.
Housing Prices in Upper North Philadelphia, PA
How much do homes in Upper North Philadelphia, PA cost?
Median Sold Price
$82,388
$76/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Upper North Philadelphia was $82,388 in March 2024, down 8.4% from last year, and the median price per square foot was $76.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $409K | - | N/A |
2 Bedrooms | $83.7K | $74.2K | -11.3% |
3 Bedrooms | $89.4K | $80K | -10.5% |
4 Bedrooms | $118.4K | $119K | 0.5% |
5+ Bedrooms | $111K | $130K | +17.1% |
Summary: Upper North Philadelphia 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 11.3%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 17.1%.
Median Sold Price Compared To Nearby Neighborhoods
Upper North Philadelphia | $89.9K | $82.3K | -8.4% |
Allegheny West | $98K | $85K | -13.3% |
Glenwood | $86K | $71K | -17.4% |
Nicetown | $115K | $90K | -21.7% |
Housing Supply in Upper North Philadelphia, PA
How many homes are available in Upper North Philadelphia, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
990 | 1,013 | +2.3% |
Summary: The Upper North Philadelphia real estate market had 1,013 homes for sale in March 2024, a 2.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 199 | 204 | +2.5% |
3 Bedrooms | 594 | 604 | +1.7% |
4 Bedrooms | 127 | 136 | +7.1% |
5+ Bedrooms | 66 | 65 | -1.5% |
Summary: The Upper North Philadelphia 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 increased by 2.5%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 1.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
44 | 36 | -18.2% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Upper North Philadelphia in March 2024, down by 18.2% month-over-month. Of the 36 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Upper North Philadelphia, PA
How long does it take to sell a home in Upper North Philadelphia, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 54 Days | -4.8% |
Summary: Homes in Upper North Philadelphia had an average of 54 days on market in Mar 2024, down by 4.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in Upper North Philadelphia; 56% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.