Word on the street is that Point Breeze is poised to have the hottest housing market in Philly in 2017, with home prices expected to rise 12 percent. With that in mind, we decided to dive into the ‘hood’s housing stock right now, to see what the market looks like before things really heat up.
With the help of real estate analytics site NeighborhoodX, here are the least and most expensive homes for sale in Point Breeze, where the median price of homes currently on the market is $229,000, according to Zillow. First up, the 10 most affordable properties on the market.
These properties range from $79,900 for a 2-bedroom rowhome to $165,000 for a 3-bedroom. On a price per square foot basis, the most affordable homes range from $76 to $1,800 per square feet.
To be clear, these 10 properties only include market-rate homes—no foreclosures, short sales, or development sites. Sure, many of them need some updating, but they don’t require total gut renovations.
Now on to Point Breeze’s 10 priciest homes for sale.
No shocker here: All but one of these properties are new builds, and the one original home is pretty much brand-spankin’ new (see: 1546 Dorrance Street).
On a per-square-foot basis, the homes range from $131 to $217. That doesn’t sound too costly, and Neighborhood X’s Constantine Valhouli points out that the higher prices in Point Breeze are driven mostly by larger sizes, rather than price per square foot.
"Seeing these two charts side by side gives a better sense of the range of prices in the neighborhood," says Neighborhood X’s co-founder Constantine Valhouli. "And it gives an idea of the spread between an intact bargain property at one end of the spectrum, and some of the larger, newer construction."
- Point Breeze poised to be hottest Philly neighborhood of 2017 [Curbed Philly]
- Fishtown’s 10 most affordable homes for sale right now [Curbed Philly]