Philadelphia, PA Home Values & Market Trends

Real estate market trends reflect that there have been $[transaction-count-12mo] transactions over the past year in Philadelphia. The median value for residential home transactions that occurred over the previous year is $NaN. The number of current listings in Philadelphia is $[for-sale-count], and the percentage of properties for sale in the city is $[for-sale-whole-market-percentage]%. Philadelphia, PA currently has 0 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and $[for-sale-count] properties for sale.

Housing Market Summary for Philadelphia, PA

Mar 2023February 2024Change
Median Listing Price$239.9K$199.3K-16.91%
Median Sold Price$213.6K$199.3K-6.68%
Homes For Sale2,7432,044-25.48%
Homes Sold11,15110,336-7.31%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Philadelphia, PA

Philadelphia home values range from $$[whole-market-lowest-avm-value] to $$[whole-market-highest-avm-value]. The median estimated value of a home in Philadelphia is $NaN. The median list price of a home is $[for-sale-median-list-price], and the total count of properties in the city is $[whole-market-count].

Foreclosure
There are $[submarket-count] zips within Philadelphia, PA; within these zips, the median estimated home value for homes in foreclosure ranges from $0 in $[foreclosures-lowest-avm-region] to the lowest value of $0 in $[foreclosures-lowest-avm-region]. Foreclosure homes account for NaN% of properties in Philadelphia, PA with $[foreclosures-highest-count-region] containing 0 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Philadelphia, PA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are $[submarket-count] zips within Philadelphia, PA; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Philadelphia, PA ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Philadelphia, PA. There are $[submarket-count] zips within Philadelphia, PA; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Philadelphia, PA. Auction homes and other auction properties account for 0% of all properties in Philadelphia, PA. There are $[submarket-count] zips within Philadelphia, PA; of those zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 0% of residential properties in Philadelphia, PA with $[for-sale-highest-count-region] containing 0 homes for sale, the highest number of listed properties in a single zip. There are $[submarket-count] zips within Philadelphia, PA; homes for sale in those zips, have a range of median values from $0 in N/A to the lowest value of $0 in N/A.
    Sold Homes
    The median value for recently sold homes ranges from $0 in $[recently-sold-highest-avm-region] to the lowest price of $0 in $[recently-sold-highest-avm-region]. There are $[submarket-count] zips within Philadelphia, PA. $[recently-sold-highest-count-region] has 0 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 0% of properties in Philadelphia, PA.

      Compare Nearby Cities

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      More Real Estate Resources for Philadelphia, PA

      Guide for Philadelphia, PA

      Market Reports
      Philadelphia Real Estate Market Sees Winter Downturn: 2023 Peak Gives Way to Softening Prices in 2024
      RealtyTrac Market Report
      Pennsylvania
      Philadelphia Property Market on the Rise: A Year of Price Gains and Evolving Buyer Challenges
      Home Buying Guides & Tips
      Pennsylvania Foreclosure Laws
      A new home
      Home Buying Financing
      How Much Should You Spend On Your First Home?
      See More Articles
      Philadelphia Real Estate Market Sees Winter Downturn: 2023 Peak Gives Way to Softening Prices in 2024
      Market Reports|posted 28 February 2024

      Philadelphia saw fluctuations in property values, price per square foot, and number of homes sold for the last 12 months.

      RealtyTrac Market Report
      Philadelphia Property Market on the Rise: A Year of Price Gains and Evolving Buyer Challenges
      Pennsylvania|posted 7 December 2023

      Explore Philadelphia’s evolving property market in our latest blog post, where we analyze the notable trends in property values, cost per square foot, and the complexity of average sold prices within the city’s vibrant real estate landscape.

      Pennsylvania Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Pennsylvania Foreclosure Laws

      A new home
      How Much Should You Spend On Your First Home?
      Home Buying Financing|posted 6 March 2024

      Buying your first home is an exciting and significant milestone in life. It’s a decision that requires careful consideration, especially when it comes to finances. Understanding how much you should spend on your first home is crucial to ensure a smooth and stress-free buying process. In this article, we will explore the basics of home […]