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 April 2023
At the same time last year, Upper North Philadelphia was a Seller's Market.
Key Takeaway
Upper North Philadelphia is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Upper North Philadelphia, PA
How much do homes in Upper North Philadelphia, PA cost?
Median Sold Price
$85,000
$78/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Upper North Philadelphia have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in Upper North Philadelphia was $85,000 in April 2024, down 4.9% from last year, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $409K | $120K | -70.7% |
| 2 Bedrooms | $81.2K | $74.2K | -8.6% |
| 3 Bedrooms | $89.4K | $81K | -9.4% |
| 4 Bedrooms | $112.5K | $127.5K | +13.3% |
| 5+ Bedrooms | $107K | $135K | +26.2% |
Summary: Upper North Philadelphia housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 70.7%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 26.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Tioga | $90K | $111.2K | +23.6% |
| Allegheny West | $89.4K | $86K | -3.8% |
| Upper North Philadelphia | $89.4K | $85K | -4.9% |
| Glenwood | $80K | $71K | -11.3% |
| 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
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 363 | 415 | +14.3% |
Summary: The Upper North Philadelphia real estate market had 415 homes for sale in April 2024, a 14.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 60 | 76 | +26.7% |
| 3 Bedrooms | 225 | 249 | +10.7% |
| 4 Bedrooms | 52 | 62 | +19.2% |
| 5+ Bedrooms | 22 | 23 | +4.5% |
Summary: The Upper North Philadelphia housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 | 39 | -11.4% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper North Philadelphia, you may be able to get a good deal. 41% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in Upper North Philadelphia in April 2024, down by 11.4% month-over-month. Of the 39 sold homes, 41% were sold under asking, 36% were sold at asking, and 23% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 77 Days | +205.4% |
Summary: Homes in Upper North Philadelphia had an average of 77 days on market in Apr 2024, up by 205.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Upper North Philadelphia are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 39 homes were sold in Upper North Philadelphia; 49% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
