Philadelphia Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $139,900
    5% ( $7,440 ) vs Nov 2013
  • Median Sales Price
    $98,000
    4% ( $3,750 ) vs Nov 2013
  • Median Foreclosure Sales Price
    $56,100
    2% ( $900 ) vs Nov 2013
  • Foreclosures 7,554
    Homes for Sale 3,695
    Recently Sold 14,273

Market Summary

There are currently 7,554 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 3,695.

In December, the number of properties that received a foreclosure filing in Philadelphia, PA was 3% higher than the previous month and 8% higher than the same time last year.

Home sales for November 2014 were down 44% compared with the previous month, and down 16% compared with a year ago. The median sales price of a non-distressed home was $98,000. The median sales price of a foreclosure home was $56,100, or 43% lower than non-distressed home sales.

Sales Prices - Philadelphia, PA




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$56,100 (Median Foreclosure Sales Price) $57,000 (Median Foreclosure Sales Price) $55,550 (Median Foreclosure Sales Price) $57,000 (Median Foreclosure Sales Price) $56,000 (Median Foreclosure Sales Price) $54,000 (Median Foreclosure Sales Price) $98,000 (Median Sales Price) $101,750 (Median Sales Price) $110,000 (Median Sales Price) $115,000 (Median Sales Price) $115,000 (Median Sales Price) $100,000 (Median Sales Price) $56,100 (Median Foreclosure Sales Price) $57,000 (Median Foreclosure Sales Price) $55,550 (Median Foreclosure Sales Price) $57,000 (Median Foreclosure Sales Price) $56,000 (Median Foreclosure Sales Price) $54,000 (Median Foreclosure Sales Price) $98,000 (Median Sales Price) $101,750 (Median Sales Price) $110,000 (Median Sales Price) $115,000 (Median Sales Price) $115,000 (Median Sales Price) $100,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Levittown
66
15.8
% (y-o-y)
$179,900
6.8
% (y-o-y)
36.9%
48.2
% (y-o-y)
Camden
12
77.8
% (y-o-y)
$37,750
30.2
% (y-o-y)
32.3%
6.5
% (y-o-y)
Elkins Park
11
59.3
% (y-o-y)
$215,000
7.9
% (y-o-y)
70.7%
25.2
% (y-o-y)
Riverton
10
44.4
% (y-o-y)
$235,000
4.4
% (y-o-y)
40.4%
57.9
% (y-o-y)
Wynnewood
6
33.3
% (y-o-y)
$395,000
3.7
% (y-o-y)
Data not available
Narberth
5
58.3
% (y-o-y)
$490,000
25.6
% (y-o-y)
Data not available
Bala Cynwyd
5
72.2
% (y-o-y)
$400,000
5.9
% (y-o-y)
Data not available
Lansdowne
5
85.7
% (y-o-y)
Data not available
Data not available
Cheltenham
4
20.0
% (y-o-y)
$215,000
10.5
% (y-o-y)
Data not available
Darby
3
88.9
% (y-o-y)
Data not available
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%