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Real Estate
See homes sold in the Gloucester City area, May 6 to May 12
The following is a listing of all home transfers in the Gloucester City area reported from May 6 to May 12. There were 3 transactions posted during this time. During this period, the median sale for the area was a 1,040-square-foot home on Warren Street in Gloucester City that sold for $228,000.
Philly-area home prices hit 2-year high last month
Housing price growth hit a two-year high in the Philly metro in April, per a new report from listing service Bright MLS.By the numbers: Median home sale prices rose nearly 11% over the past year to reach $365,000 in the region, per the reportIn Philly proper, home prices ticked up 3% to $268,000.Yes, but: Prices rose significantly more everywhere else in the burbs.The largest annual gains were in Camden County (nearly 17%), Mercer County (15.2%), and Montgomery County (12.6%).What to watch: New listings are coming on the market at a quicker pace than in 2023, boosting supply amid a housing inventory crisis, according to the report.The caveat: Philadelphia County had fewer listings in April than a year ago.The bottom line: Housing inventory is expected to grow in the metro and the market remains competitive, per the report.Read the full reportSign up for Axios Philadelphia for free.
Pilot Program Helps Philadelphians Become First-Time Homeowners, Pay Off Student Debt
The Revitalizing Neighborhoods and Increasing Homeownership pilot program has helped Philadelphians become first-time home buyers while also paying off student debt. Since October, the Pennsylvania Housing Finance Agency has been testing the waters of a grant and loan program that helps aspiring homeowners with down payments and closing costs. However,...
Devereux Campus Demolished with 10 Single Family Homes to Take Its Place in Devon
The Devereux campus in Devon has been demolished. A Main Line Developer will build ten multimillion-dollar homes on the property. The long-standing Devereux campus in Devon has been demolished to make way for 10 single-family homes, writes Jesse Bunch for The Philadelphia Inquirer. In the late 1910s, Helena Devereux chose...
Home Ownership Among Single Mothers in Philly Region Higher Than Most Major Metros
Home ownership rate among single mothers in the Philadelphia metro is higher than in most major metros, according to a LendingTree analysis. Single mothers in the Philadelphia metro are more likely to own a home than in most other major metros in the country, writes Michaelle Bond for The Philadelphia Inquirer.
Pat Burrell’s Former Center City Penthouse Sells For Well-Under Original Asking Price, Two Years Later
Pat Burrell's former Center City penthouse has been sold to a Philadelphia couple more than two years after it was first listed on the market. The Center City penthouse that former Philadelphia Phillies star Pat Burrell previously owned has been sold to a local Philadelphia couple for $2.65 million. It...
Mayor Parker’s budget leaves UC Townhomes agreement in limbo. Housing advocates aren’t happy
Have a question about Philly’s neighborhoods or the systems that shape them? PlanPhilly reporters want to hear from you! Ask us a question or send us a story idea you think we should cover. About a year ago, the city settled a federal lawsuit agreeing to build 70 units...
See homes sold in the Gloucester City area, May 13 to May 19
The following is a listing of all home transfers in the Gloucester City area reported from May 13 to May 19. There were 7 transactions posted during this time. During this period, the median sale for the area was an 896-square-foot home on North Hannevig Avenue in Brooklawn that sold for $150,000.
See homes sold in the Camden area, May 6 to May 12
The following is a listing of all home transfers in the Camden area reported from May 6 to May 12. There were 9 transactions posted during this time. During this period, the median sale for the area was a 1,380-square-foot home on Stevens Street in Camden that sold for $145,000.
4 Delaware County ZIP Codes Expected to See the Greatest Rise in Home Value
Delaware County home values, like this home on Shadeland Avenue in Upper Darby, are expected to increase the most in four ZIP Codes. Delaware County home values are expected to rise the most in four ZIP Codes in 2024, writes Ryan Mulligan for Philadelphia Business Journal. They are included in...
First Bank House of the Week: Stone Farmhouse in Glen Mills
A charming stone federal-style Glen Mills farmhouse on 7.2 stunning acres with five bedrooms and four and a half bathrooms is available for sale in. The 18th Century Sprucehaven Farm is a true personal natural oasis home to the sixth-largest London Plane tree in Pennsylvania. Highlights include a full-length front...
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