Henry Meigs is a licensed REALTOR® with Berkshire Hathaway HomeServices Fox & Roach. He represents buyers and sellers throughout East Falls and Philadelphia’s 19129.
East Falls is the most affordable way into Northwest Philadelphia with real housing variety. The June median was $379,000 and the middle half of sales ran roughly $325,000 to $430,000, which buys a rowhouse, a twin or a modest detached house depending on which street you are standing on.
That variety is the catch. Ten homes closed in June across a range from $240,000 to $859,500, and the neighborhood’s topography means two houses four blocks apart can be entirely different propositions. Comparable sales here need reading rather than averaging, and an appraisal can go sideways if the comps pulled do not match what you actually bought.
On cost, Philadelphia’s 4.578% transfer tax applies, so at the $379,000 median the buyer’s customary half is about $8,675. That is meaningfully less than the same line in Chestnut Hill and it is worth factoring when you are comparing neighborhoods on monthly payment alone.
Read the buyer guide →The June average was 26 days, faster than May, and sixteen homes came to market against ten closings. That is a reasonably balanced market. Well-priced East Falls homes move; the ones that linger are usually priced off a comparable sale from a different part of the neighborhood.
Because the stock varies so much, the pricing work here is more involved than the size of the market suggests. I would rather spend an extra hour finding the three sales that genuinely resemble your house than take a neighborhood median and adjust from it, which is how listings here end up sitting.
Read the seller guide →Figures are from the most recent monthly Bright MLS pull for 19129. For the twelve-month trend and a fuller breakdown, see the East Falls market data.
He was communicative, kind, and always replied in a timely manner — and went above and beyond to help my clients get their deposit in on time. I would love to work with Henry again.
Henry walked me through the entire process as a first-time seller. Extremely professional, and responsive and timely with every question. Highly recommend.
Henry has tremendous knowledge and experience, with great communication and professionalism. Patient and supportive at every step — I would definitely love to work with him again.
East Falls sits along the Schuylkill River in Northwest Philadelphia, zip code 19129, bounded by Manayunk, Roxborough and Germantown. For the rail access, Kelly Drive, the Jefferson campus and month-by-month market data, I keep a detailed guide.
Read the full East Falls neighborhood guideBecause the housing stock genuinely does. June closings ran from $240,000 to $859,500 across only ten sales, covering rowhouses, twins and detached homes on very different topography. The practical effect is that a neighborhood median tells you little about any specific house, and that comparable sales have to be selected carefully rather than averaged. This is the single most common way East Falls deals go wrong at appraisal.
East Falls is in Philadelphia, so the total rate is 4.578%: 3.578% to the city and 1% to the Commonwealth. Buyer and seller customarily split it, making the buyer’s share about 2.289%. At the June median of $379,000 that comes to roughly $8,675 at settlement, on top of your down payment and the usual title, lender and escrow costs.
The Thomas Jefferson University campus and rail access do create steady rental demand, and the entry prices are the lowest of the Philadelphia neighborhoods I cover. What you should look at closely is the specific block, the condition of the systems in older stock, and whether the numbers still work with Philadelphia’s transaction costs included. I am happy to run that math with you before you write.
The June average was 26 days, down from 37 in May. Well-priced homes move considerably faster than that; the average is pulled up by listings that sat. If your house is prepared and priced against genuine comparable sales, plan on a matter of weeks rather than months.
Tell me which part of the neighborhood you are considering, because the answer changes the advice more here than almost anywhere else nearby. Call 484-571-4577 or send a note.
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