Philadelphia Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $159,000
    10% ( $14,100 ) vs Apr 2015
  • Median Sales Price
    $99,000
    1% ( $1,000 ) vs Apr 2015
  • Median Foreclosure Sales Price
    $41,036
    7% ( $2,965 ) vs Apr 2015
  • Foreclosures 8,133
    Homes for Sale 2,886
    Recently Sold 7,077

Market Summary

There are currently 8,133 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 2,886.

In May, the number of properties that received a foreclosure filing in Philadelphia, PA was 7% lower than the previous month and 7% lower than the same time last year.

Home sales for April 2016 were down 96% compared with the previous month, and down 84% compared with a year ago. The median sales price of a non-distressed home was $99,000. The median sales price of a foreclosure home was $41,036, or 59% lower than non-distressed home sales.

Sales Prices - Philadelphia, PA




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$41,036 (Median Foreclosure Sales Price) $44,000 (Median Foreclosure Sales Price) $40,000 (Median Foreclosure Sales Price) $45,000 (Median Foreclosure Sales Price) $45,000 (Median Foreclosure Sales Price) $48,000 (Median Foreclosure Sales Price) $99,000 (Median Sales Price) $100,000 (Median Sales Price) $100,000 (Median Sales Price) $100,550 (Median Sales Price) $99,900 (Median Sales Price) $89,450 (Median Sales Price) $41,036 (Median Foreclosure Sales Price) $44,000 (Median Foreclosure Sales Price) $40,000 (Median Foreclosure Sales Price) $45,000 (Median Foreclosure Sales Price) $45,000 (Median Foreclosure Sales Price) $48,000 (Median Foreclosure Sales Price) $99,000 (Median Sales Price) $100,000 (Median Sales Price) $100,000 (Median Sales Price) $100,550 (Median Sales Price) $99,900 (Median Sales Price) $89,450 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Levittown
93
232.1
% (y-o-y)
$199,900
17.7
% (y-o-y)
57.3%
47.5
% (y-o-y)
Elkins Park
12
9.1
% (y-o-y)
$210,000
10.6
% (y-o-y)
Data not available
Narberth
11
120.0
% (y-o-y)
$382,500
16.8
% (y-o-y)
Data not available
Wynnewood
10
25.0
% (y-o-y)
$425,000
11.5
% (y-o-y)
Data not available
Oreland
7
250.0
% (y-o-y)
$288,500
16.6
% (y-o-y)
Data not available
Flourtown
7
75.0
% (y-o-y)
$337,500
0.0
% (y-o-y)
Data not available
Cheltenham
7
40.0
% (y-o-y)
$164,000
0.0
% (y-o-y)
Data not available
Bala Cynwyd
6
100.0
% (y-o-y)
$436,500
16.1
% (y-o-y)
Data not available
Merion Station
6
0.0
% (y-o-y)
$539,500
0.0
% (y-o-y)
Data not available
Wyncote
3
0.0
% (y-o-y)
$284,200
18.4
% (y-o-y)
Data not available

Local Info For Philadelphia

Population:
1,504,950
Cost of Living Index: 111.87
Crime Index: 254.76     Rating: D+ View crime details
Schools: 315    Average School Rating: D View individual school rating
Household Median Income: $36,251
Unemployment: 6.60%
Percentage of vacant homes: 14.12%

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