$274K  
Sales in the Bustleton market ticked up to 22 homes sold over the last 30 days, while the number of sellers reducing their list prices reached 29, which continues a long upward trend in price reductions. Price reductions numbers should rise over the next few weeks as well with all signs pointing to a continuation of the existing trend. The median sales price rose to $227,250, up from last week's $220,000. The rising sales and a low three months of inventory point to Bustleton being a seller's market.
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Bustleton is a neighborhood in Philadelphia with a median income of $56,726 per household. On top of being very affluent, it also ranks as the third-youngest with a median age of 45 years. The Bustleton market is mostly made up of detached houses, which currently account for 56% of the homes for sale in the area. The best school in the neighborhood is Greenberg Joseph School.
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$629K  
The Bustleton market got positive news in this week's report, as the number of home sales climbed 10.5%, pushing the total to 21 homes sold over the last 30 days. At the same time, the Richmond neighborhood reported 47 home sales, the highest number from all of the surrounding neighborhoods. Pricing in Bustleton remains consistent from last week to this week, with the median sales price at $230,000 again. With only three months of inventory and rising sales, Bustleton is a seller's market.
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$299K  
This week in the Bustleton market, sales fell to 15 homes sold over the last 30 days, even as it endures a determined upward trend in price reductions, with 26 reported in the same time frame. The median sales price in Bustleton climbed to $226,000 while months of inventory was flat at four.
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$138K  
The Bustleton market saw sales remain flat this week with 16 homes sold over the last 30 days but new listings fell to 40. The median sales price continued to fall, trending downwards for four weeks to reach $214,500.
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$138K  
Sales in the Bustleton market hit their lowest level since last April. For the prior 30-day period, there were 16 homes sold, a decrease of 23.8%. In comparison, Richmond county led all other close-by neighborhoods with 53 sales. Of course, as sales found a new low point, months of inventory continued to climb, hitting a one-year high at four months.
Comments:

$309K  
Bustleton is an average-sized neighborhood in Philadelphia with a population of 14,944 residents, and it has a much lower than average density compared to the rest of the city, with 7,187.7 people per square mile. Bustleton is an area where most people own their homes, with an ownership ratio of 75.1%. Topping the list of best schools in the neighborhood is Greenberg Joseph School.
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$224K  
Sales have inched up to 21 homes sold over the last 30 days in the Bustleton market. But sellers can expect more competition, due to a nine-week upward trend in homes coming into the market, now up to 40 for the same period. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. The median sales price rose to $209,000, up from last week's $207,000. Along with the increase in sales, the fact that there are a lower-than-normal three months of inventory indicates that Bustleton is a seller's market.
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$265K  
December was the last time there were so many price reductions in the Bustleton market, with 20 reported over the last 30 days. The market also had 20 homes change hands. During the same time frame, Richmond county had the most price reductions of any other close-by neighborhood with 53. The median sales price in Bustleton stayed put this week at $207,000. There are only three months of inventory available in Bustleton, so it's a seller's market, even with the decrease in sales.
Comments:

$329K  
The Bustleton market slowed with a 15.4% sales drop in this week's report. Overall sales numbers for the last 30 days remained below the 26.9 monthly average with 22 homes sold. Meanwhile, the Richmond neighborhood reported 52 home sales, the highest number from all of the surrounding neighborhoods. The median sales price dropped to $207,000 over the latest reporting period for Bustleton, down from $208,500. There are only two months of inventory available in Bustleton, so it's a definite seller's market, even with the decrease in sales.
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