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Center City Market East

Center City Market East

Urban Core Neighborhood in Philadelphia, Pennsylvania

Philadelphia County 19107

$404,635 Average Value
$388 Average Price per Sq Ft
14 Homes For Sale

A central Philly neighborhood

Center City Market East is Philadelphia's beating heart and is a token representation of fast-paced, urban living. The community's upbeat atmosphere tangles contemporary and historic high-rises, cultural institutions and a diverse list of locally-owned restaurants. "Philadelphia is in the middle of a resurgence period, and Center City is a by-product of its growth," says Realtor Brett Caspi of Fox and Roach Realtor with Berkshire Hathaway HomeServices. Caspi has sold homes in the area for just over 6 years. "Center City is in the middle of a renaissance." Community streets are punctuated by crosswalks and stoplights with hurried commuters and tourists alike. Near the Liberty Bell and across from City Hall, Center City East Market is a showcase of Philly's history, brimming with a seamless blend of modern, 21st-century development.

Condos and Penthouses are sought after in Center City Market East with access to everyday needs.
Condos and Penthouses are sought after in Center City Market East with access to everyday needs.
Welcome to the busy streets of Center City Market East.
Welcome to the busy streets of Center City Market East.
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Reading Terminal Market has several eateries and shops

Reading Terminal Market is the neighborhood's biggest highlight, considered one of Philadelphia's most notable attractions behind the Liberty Bell and Independence Hall. Since its opening in 1893, the market has grown to include more than 80 diverse merchants. Visitors grab a cheesesteak at Carmen's, hop in the line at DiNic's for a hot pork sandwich or order a pick-me-up at Old City Coffee. Shoppers can browse the handcrafted jewelry of Amazulu, pick up Moroccan crafts from Little Marrakesh Bazaar or stock up on snacks and fruit preserves from Kauffman's Dutch Market. "Reading Terminal Market is a big spot for tourists, but locals sustain those businesses and often go there for great food," Caspi says. Outside the market is a dense supply of bars and restaurants that serve flavors from across the world. Options for dinner include Japanese at Double Knot, Mexican at El Vez or Mediterranean at Barbuzzo. Along most blocks are shops and national retailers like Target, TJ Maxx and Macy's. Shoppers often head to Fashion District Philadelphia, a prime destination for local shopping, dining, and entertainment, featuring an AMC movie theater and a bowling alley.

Choose your meats at Giunta's Prime Shop at Reading Terminal Market in Center City Market East.
Choose your meats at Giunta's Prime Shop at Reading Terminal Market in Center City Market East.
Grab a pick-me-up at Old City Coffee at The Reading Terminal Market in Center City Market East.
Grab a pick-me-up at Old City Coffee at The Reading Terminal Market in Center City Market East.
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Condo living in historic buildings

Residents of Center City Market East mostly enjoy condo living. Condominiums occupy tall mix-use buildings and standalone high-rises with views of the skyline. Several buildings are over 100 years old, dating back to the late 19th and early 20th centuries. The Victory Building is a historic Second Empire-style condo complex built in 1873. The building was enlisted to the National Register of Historic Places and now features one- and two-bedroom condos. The Art Street Exchange is another historic building originally built for the Bell Telephone Company that was converted into condos in 2008. Many condos have about 1,000 square feet and are priced between $250,000 and $600,000. There are ample penthouses and multi-level lofts priced over a million. Many buildings offer amenities like a pool, a gym and doorman services.

Some residents of Center City Market East have opted to live in Condominium.
Some residents of Center City Market East have opted to live in Condominium.
Condominium options are available for buyers in Center City Market East with historic vibes.
Condominium options are available for buyers in Center City Market East with historic vibes.
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Mini golf at Franklin Sqaure and ice-skating at Dilworth

Center City Market East offers proximity to several dynamic city green spaces. Dilworth Park is within walking distance, flanked by City Hall above an underground transit center. The 20,000-square-foot park buzzes with locals and tourists that relax under tree groves or catch views of City Hall. Dilworth's interactive fountain centerpiece offers a break from the heat in the summer, converting to an ice-skating rink for fun in the winter. "The holidays are very festive; people especially enjoy ice skating by City Hall," Caspi says. Plus, the park is a haven for community events like music performances, festivals, and movie screenings. Adjacent to Dilworth is JFK Plaza, otherwise known as LOVE Park, for its iconic LOVE statue created by Robert Indiana. The plaza has ample green space, walking paths and seating areas. And families also commonly walk to Franklin Square to enjoy a game of mini golf or a swing around the Parx Liberty Carousel.

The heart of Philly beats at Dilworth Park, where culture, greenery, and city life intertwine.
The heart of Philly beats at Dilworth Park, where culture, greenery, and city life intertwine.
Franklin Square is a peaceful place in the city of Philadelphia for locals to get away.
Franklin Square is a peaceful place in the city of Philadelphia for locals to get away.
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The School District of Philadelphia

Kids growing up in the area attend schools served by the School District of Philadelphia, which earned an overall C-plus on Niche. Kindergarten through eighth-grade students attend General George A. McCall School, which scored an overall B-plus on Niche. Students advance to Benjamin Franklin High School to earn their diplomas. The high school features a Career and Technical Education program with concentrations in culinary arts, welding and drafting, and design technology. Niche gave the high school an overall C-minus.

Benjamin Franklin High School helps to prepare its students for the future.
Benjamin Franklin High School helps to prepare its students for the future.
Children can attend General George A McCall Public School.
Children can attend General George A McCall Public School.
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Expos, festivals and conventions at PCC

Directly in Philly’s heart, Center City Market East residents are a short walk from some of the city’s largest festivals, celebrations and concerts. The Pennsylvania Convention Center is a 679,000-square-foot venue for various events, like the National Jazz Festival, the Philadelphia Tattoo Arts Convention and the World Oddities Expo.

The Pennsylvania Convention Center is the home to countless events in Center City Market East.
The Pennsylvania Convention Center is the home to countless events in Center City Market East.
Walnut Street Theatre hosts live performances in Center City Market East.
Walnut Street Theatre hosts live performances in Center City Market East.
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Jefferson Station is a safe location for locals to travel in and out of Center City Market East.
Jefferson Station is a safe location for locals to travel in and out of Center City Market East.

Locals walk to Jefferson Station to catch a train

Most residents don’t need a car in Center City Market East and primarily get around by walking or public transit. Jefferson Station is within walking distance for most locals, and many hop on a SEPTA train to reach their destination. And SEPTA buses stop at nearly every block. The Thomas Jefferson University Hospital is a mile away, and the Philadelphia International Airport is 12 miles away if locals need to catch a flight.

Brennen Martin
Written By
Brennen Martin
TJ Engler
Photography Contributed By
TJ Engler
Tony Simonetti
Video By
Tony Simonetti

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Sebastian Rohan, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Philadelphia International

21 min drive

Subway

13Th Street

Train

Market East

Subway

11Th Street

Bus

Market St & 11th St - Mbns

Bus

Walnut St & 12th St

Bus

Walnut St & 10th St

Bus

Market St & 12th St

Bus

Chestnut St & 12th St

Bus

Chestnut St & 11th St

Bus

Arch St & 13th St

Crime and Safety

1 - Low Crime, 10 - High Crime Center City Market East US
Homicide 5 4
Sexual Assault 5 4
Assault with Weapon 5 4
Robbery 8 4
Burglary 9 4
Motor Vehicle Theft 5 4
Larceny 9 4
Crime Score 7 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$231,500
Median Single Family Price
$299,000
Median 2 Bedroom Price
$462,500
Median 1 Bedroom Price
$239,900
Average Price Per Sq Ft
$388
Number of Homes for Sale
14
Last 12 months Home Sales
10
Months of Supply
16.80
Median List Price
$385,000
Median Discount From 1st List Price
0%
Median Home Sale Price YoY Change
-14%

Home Facts

Number of Homes in Neighborhood
139
Median Year Built
1900
Avg. Single Family Home Size Sq Ft
943
Significantly below the national average
1,935
Average Townhouse Size Sq Ft
1,503
Average 2 Bedroom Size Sq Ft
1,117
Average 1 Bedroom Size Sq Ft
696
Median Lot Size Sq Ft
16,335

Open Houses

  • Sunday, Apr 27
    11am - 12:30pm

    1228 32 Arch St Unit 8A, Philadelphia, PA 19107

    $950,000

    • 2 Beds
    • 2.5 Baths
    • 2,262 Sq Ft
    • 1228 32 Arch St
    • Unit 8A
    • New 20 days ago

    Now is the time to experience urban living at its finest in this rare & expansive corner penthouse loft at 1228 Arch Street, Unit 8A. Offering over 2,200 sq. ft. of luxury living space, this exceptional home features Two suite-sized Bedrooms, Three Bathrooms, and a large Den that can easily be converted into a Third Bedroom. The main level is an entertainer’s dream, with spacious open-concept

    Michele Cooley BHHS Fox & Roach-Center City Walnut

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Interested in learning more about homes in this area? Reach out to Sebastian Rohan, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

Total Population
4,389
Median Age
35
Population Density
32 ppl/acre
Population under 18
13.9%
Below the national average
23.8%
Population over 65
6.2%
Below the national average
19.1%

Finances

Median Household Income
$66,872
Below the national average
$71,702
Average Household Income
$96,834

Education and Workforce

High School Graduates
90.6%
College Graduates
66.4%
Significantly above the national average
34.1%
Advanced Degrees
33.9%
Above the national average
13.3%
% Population in Labor Force
57%

Weather

Annual Precipitation
44''
Average Winter Low Temperature
26°F
Average Summer High Temperature
87°F
Annual Snowfall
13''

Area Factors

Very Bikeable

Bike Score®

76 / 100

Walker's Paradise

Walk Score®

100 / 100

Rider's Paradise

Transit Score®

100 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Reviews

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Center City Market East