Philadelphia Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $125,000
    7% ( $9,900 ) vs Jan 2014
  • Median Sales Price
    $104,750
    0% ( $250 ) vs Jan 2014
  • Median Foreclosure Sales Price
    $58,000
    3% ( $2,000 ) vs Jan 2014
  • Foreclosures 7,285
    Homes for Sale 3,706
    Recently Sold 10,871

Market Summary

There are currently 7,285 properties in Philadelphia, PA that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 3,706.

In February, the number of properties that received a foreclosure filing in Philadelphia, PA was 3% lower than the previous month and 4% higher than the same time last year.

Home sales for January 2015 were down 13% compared with the previous month, and up 8% compared with a year ago. The median sales price of a non-distressed home was $104,750. The median sales price of a foreclosure home was $58,000, or 45% lower than non-distressed home sales.

Sales Prices - Philadelphia, PA




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$58,000 (Median Foreclosure Sales Price) $60,000 (Median Foreclosure Sales Price) $56,550 (Median Foreclosure Sales Price) $57,000 (Median Foreclosure Sales Price) $55,550 (Median Foreclosure Sales Price) $57,000 (Median Foreclosure Sales Price) $104,750 (Median Sales Price) $105,000 (Median Sales Price) $99,550 (Median Sales Price) $102,100 (Median Sales Price) $110,000 (Median Sales Price) $115,000 (Median Sales Price) $58,000 (Median Foreclosure Sales Price) $60,000 (Median Foreclosure Sales Price) $56,550 (Median Foreclosure Sales Price) $57,000 (Median Foreclosure Sales Price) $55,550 (Median Foreclosure Sales Price) $57,000 (Median Foreclosure Sales Price) $104,750 (Median Sales Price) $105,000 (Median Sales Price) $99,550 (Median Sales Price) $102,100 (Median Sales Price) $110,000 (Median Sales Price) $115,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Levittown
45
4.3
% (y-o-y)
$180,000
2.0
% (y-o-y)
38.9%
26.9
% (y-o-y)
Camden
33
62.5
% (y-o-y)
$50,000
29.9
% (y-o-y)
40.0%
27.3
% (y-o-y)
Bala Cynwyd
16
100.0
% (y-o-y)
$395,000
16.8
% (y-o-y)
Data not available
Wynnewood
16
77.8
% (y-o-y)
$384,750
1.2
% (y-o-y)
Data not available
Elkins Park
15
40.0
% (y-o-y)
$182,450
11.0
% (y-o-y)
Data not available
Riverton
13
30.0
% (y-o-y)
$228,000
0.9
% (y-o-y)
Data not available
Narberth
9
80.0
% (y-o-y)
$407,500
51.5
% (y-o-y)
Data not available
Wyncote
8
166.7
% (y-o-y)
$227,500
12.5
% (y-o-y)
Data not available
Flourtown
6
50.0
% (y-o-y)
$303,500
2.1
% (y-o-y)
Data not available
Cheltenham
6
14.3
% (y-o-y)
$205,000
13.9
% (y-o-y)
Data not available

Local Info For Philadelphia

Population:
1,504,950
Cost of Living Index: 111.87
Crime Index: 206.86     Rating: C- View crime details
Schools: 315    Average School Rating: D View individual school rating
Household Median Income: $36,251
Unemployment: 6.40%
Percentage of vacant homes: 14.12%