Is Washington Square West, 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, Washington Square West was a Seller's Market.
Housing Prices in Washington Square West, PA
How much do homes in Washington Square West, PA cost?
Median Sold Price
$482,000
$407/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Washington Square West was $482,000 in April 2024, down 9.1% from last year, and the median price per square foot was $407.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $323.5K | $298K | -7.9% |
2 Bedrooms | $460K | $416K | -9.6% |
3 Bedrooms | $698K | $762.5K | +9.2% |
4 Bedrooms | $920K | $942K | +2.4% |
5+ Bedrooms | $685K | $938.4K | +37.0% |
Summary: Washington Square West housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.9%, 2 bedroom homes decreased by 9.6%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 37%.
Median Sold Price Compared To Nearby Neighborhoods
Avenue of the Arts | $300K | $297.9K | -0.7% |
Society Hill | $590.1K | $560K | -5.1% |
Washington Square West | $530.5K | $482K | -9.1% |
Center City | $543.7K | $461.6K | -15.1% |
Housing Supply in Washington Square West, PA
How many homes are available in Washington Square West, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 76 | +26.7% |
Summary: The Washington Square West real estate market had 76 homes for sale in April 2024, a 26.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 24 | +26.3% |
2 Bedrooms | 20 | 24 | +20.0% |
3 Bedrooms | 16 | 20 | +25.0% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Washington Square West housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.3%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Washington Square West in April 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Washington Square West, PA
How long does it take to sell a home in Washington Square West, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 94 Days | +151.5% |
Summary: Homes in Washington Square West had an average of 94 days on market in Apr 2024, up by 151.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Washington Square West; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.