Philadelphia Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $134,900
    4% ( $5,000 ) vs Dec 2013
  • Median Sales Price
    $97,000
    1% ( $1,000 ) vs Dec 2013
  • Median Foreclosure Sales Price
    $59,700
    6% ( $3,600 ) vs Dec 2013
  • Foreclosures 7,366
    Homes for Sale 3,620
    Recently Sold 12,097

Market Summary

There are currently 7,366 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 3,620.

In January, the number of properties that received a foreclosure filing in Philadelphia, PA was 13% lower than the previous month and 22% higher than the same time last year.

Home sales for December 2014 were down 100% compared with the previous month, and down 100% compared with a year ago. The median sales price of a non-distressed home was $97,000. The median sales price of a foreclosure home was $59,700, or 38% lower than non-distressed home sales.

Sales Prices - Philadelphia, PA




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$59,700 (Median Foreclosure 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) $97,000 (Median 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) $59,700 (Median Foreclosure 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) $97,000 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Levittown
14
77.0
% (y-o-y)
$180,000
5.2
% (y-o-y)
50.6%
38.1
% (y-o-y)
Camden
6
90.8
% (y-o-y)
$45,000
36.4
% (y-o-y)
22.2%
15.2
% (y-o-y)
Narberth
2
60.0
% (y-o-y)
$427,563
10.6
% (y-o-y)
Data not available
Oreland
2
66.7
% (y-o-y)
$290,000
13.5
% (y-o-y)
Data not available
Riverton
2
90.5
% (y-o-y)
$231,500
2.9
% (y-o-y)
Data not available
Wyncote
2
50.0
% (y-o-y)
$173,500
31.3
% (y-o-y)
Data not available
Cheltenham
1
50.0
% (y-o-y)
$220,000
11.1
% (y-o-y)
Data not available
Elkins Park
1
91.7
% (y-o-y)
$219,000
7.2
% (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%