Art Museum Home Sales 2016
Art Museum Property Sales 2016
The number of homes sold in the Art Museum neighborhood in Philadelphia decreased by approximately 16% in 2016 from 2015. There was a similarly sized drop in the number of properties offered for sale. See statistics, relevant graphs and further analysis below.
Sales Breakdown by Property Type
Mobile Homes: 0
Sales breakdown by Property Category
Condominiums (usually unit/flat): 124
Properties with Homeowner's Association (usually townhouses): 16
Other (usually singles and twins): 137
New Construction (could be of any type): 3
There are currently 56 properties for sale in Art Museum area of Philadelphia, less than 3 months supply, as 23 properties sold per month in 2016. A market with less than 6 month's inventory is considered to be a seller's market. The average price paid for a home in the Art Museum area rose over 12% to $398k. Part of this rise was caused by a 12% reduction in the number of properties offered for sale. Townhouses continue as the dominant property type in the Art Museum area with unit/flats a fairly close second. New construction in the neighborhood was low in 2016 at 1% of properties sold.