Northern Liberties Real Estate 2016

The number of homes sold in Northern Liberties increased by approximately 20% in 2016 from 2015. Since only 3.5% more homes were offered for sale, this indicates rising demand. See statistics and relevant graphs at the following link:

Northern Liberties Real Estate Statistics 2016

Sales Breakdown by Property Type

Single/detached: 2
Twins/semi-detached: 7
Townhouses: 211
Unit/Flat: 43
Mobile Homes: 0

Sales breakdown by Property Category

Condominiums (usually unit/flat): 62
Properties with Homeowner's Association (usually townhouses): 80
Other (usually singles and twins): 121
New Construction (could be of any type): 98

There are currently 93 properties for sale in Northern Liberties, about 4 months supply as 22 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 Northern Liberties rose 13% to $504k. This rise is driven by the high demand for properties and to the fact that almost 40% of sales, 98 properties, were new construction. Townhouses continue as the dominant property type in Northern Liberties.