Philadelphia Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $149,900
    3% ( $5,100 ) vs Aug 2013
  • Median Sales Price
    $115,000
    1% ( $1,000 ) vs Aug 2013
  • Median Foreclosure Sales Price
    $57,000
    2% ( $1,000 ) vs Aug 2013
  • Foreclosures 8,029
    Homes for Sale 4,188
    Recently Sold 16,457

Market Summary

There are currently 8,029 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 4,188.

In September, the number of properties that received a foreclosure filing in Philadelphia, PA was 19% higher than the previous month and 23% higher than the same time last year.

Home sales for August 2014 were up 3% compared with the previous month, and down 3% compared with a year ago. The median sales price of a non-distressed home was $115,000. The median sales price of a foreclosure home was $57,000, or 50% lower than non-distressed home sales.

Sales Prices - Philadelphia, PA




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$57,000 (Median Foreclosure Sales Price) $56,000 (Median Foreclosure Sales Price) $54,000 (Median Foreclosure Sales Price) $49,951 (Median Foreclosure Sales Price) $51,500 (Median Foreclosure Sales Price) $55,000 (Median Foreclosure Sales Price) $115,000 (Median Sales Price) $114,000 (Median Sales Price) $100,000 (Median Sales Price) $92,000 (Median Sales Price) $89,650 (Median Sales Price) $98,000 (Median Sales Price) $57,000 (Median Foreclosure Sales Price) $56,000 (Median Foreclosure Sales Price) $54,000 (Median Foreclosure Sales Price) $49,951 (Median Foreclosure Sales Price) $51,500 (Median Foreclosure Sales Price) $55,000 (Median Foreclosure Sales Price) $115,000 (Median Sales Price) $114,000 (Median Sales Price) $100,000 (Median Sales Price) $92,000 (Median Sales Price) $89,650 (Median Sales Price) $98,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Levittown
35
64.3
% (y-o-y)
$186,000
3.1
% (y-o-y)
35.2%
47.9
% (y-o-y)
Bala Cynwyd
24
14.3
% (y-o-y)
$472,000
12.9
% (y-o-y)
Data not available
Camden
23
48.9
% (y-o-y)
$38,000
26.7
% (y-o-y)
21.1%
11.8
% (y-o-y)
Riverton
21
8.7
% (y-o-y)
$260,000
6.8
% (y-o-y)
Data not available
Wynnewood
21
16.0
% (y-o-y)
$485,000
8.4
% (y-o-y)
Data not available
Elkins Park
18
35.7
% (y-o-y)
$199,000
1.6
% (y-o-y)
Data not available
Narberth
11
38.9
% (y-o-y)
$560,000
24.4
% (y-o-y)
Data not available
Merion Station
8
33.3
% (y-o-y)
$575,000
4.2
% (y-o-y)
Data not available
Cheltenham
7
50.0
% (y-o-y)
$210,000
17.3
% (y-o-y)
Data not available
Oreland
6
62.5
% (y-o-y)
$290,000
8.4
% (y-o-y)
Data not available

Local Info For Philadelphia

Population:
1,504,950
Cost of Living Index: 111.87
Crime Index: 295.77     Rating: D View crime details
Schools: 315    Average School Rating: D View individual school rating
Household Median Income: $36,251
Unemployment: 8.40%
Percentage of vacant homes: 14.12%