Is Olde City, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Olde City was a Seller's Market.
Housing Prices in Olde City, PA
How much do homes in Olde City, PA cost?
Median Sold Price
$360,000
$381/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Olde City was $360,000 in May 2024, down 10% from last year, and the median price per square foot was $381.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $295.7K | $299.9K | +1.4% |
2 Bedrooms | $444.9K | $391.5K | -12.0% |
3 Bedrooms | $700K | $850K | +21.4% |
4 Bedrooms | $1.4M | $2.0M | +38.5% |
5+ Bedrooms | - | $2.5M | N/A |
Summary: Olde City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Olde City | $400K | $360K | -10.0% |
Center City | $516.9K | $465K | -10.1% |
Housing Supply in Olde City, PA
How many homes are available in Olde City, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
56 | 67 | +19.6% |
Summary: The Olde City real estate market had 67 homes for sale in May 2024, a 19.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 25 | 28 | +12.0% |
2 Bedrooms | 17 | 18 | +5.9% |
3 Bedrooms | 8 | 12 | +50.0% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Olde City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Olde City in May 2024, down by 57.1% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Olde City, PA
How long does it take to sell a home in Olde City, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
64 Days | 104 Days | +61.3% |
Summary: Homes in Olde City had an average of 104 days on market in May 2024, up by 61.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Olde City; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.