Philadelphia Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $158,500
    1% ( $1,400 ) vs May 2014
  • Median Sales Price
    $105,900
    18% ( $15,900 ) vs May 2014
  • Median Foreclosure Sales Price
    $34,400
    2% ( $600 ) vs May 2014
  • Foreclosures 7,158
    Homes for Sale 4,113
    Recently Sold 5,112

Market Summary

There are currently 7,158 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 4,113.

In June, the number of properties that received a foreclosure filing in Philadelphia, PA was 9% higher than the previous month and 32% higher than the same time last year.

Home sales for May 2015 were up 125% compared with the previous month, and down 40% compared with a year ago. The median sales price of a non-distressed home was $105,900. The median sales price of a foreclosure home was $34,400, or 68% lower than non-distressed home sales.

Sales Prices - Philadelphia, PA




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$34,400 (Median Foreclosure Sales Price) $35,000 (Median Foreclosure Sales Price) $40,000 (Median Foreclosure Sales Price) $48,000 (Median Foreclosure Sales Price) $58,000 (Median Foreclosure Sales Price) $60,000 (Median Foreclosure Sales Price) $105,900 (Median Sales Price) $90,000 (Median Sales Price) $90,000 (Median Sales Price) $102,000 (Median Sales Price) $104,750 (Median Sales Price) $105,000 (Median Sales Price) $34,400 (Median Foreclosure Sales Price) $35,000 (Median Foreclosure Sales Price) $40,000 (Median Foreclosure Sales Price) $48,000 (Median Foreclosure Sales Price) $58,000 (Median Foreclosure Sales Price) $60,000 (Median Foreclosure Sales Price) $105,900 (Median Sales Price) $90,000 (Median Sales Price) $90,000 (Median Sales Price) $102,000 (Median Sales Price) $104,750 (Median Sales Price) $105,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Levittown
59
16.9
% (y-o-y)
$177,200
6.6
% (y-o-y)
48.4%
37.4
% (y-o-y)
Camden
34
45.2
% (y-o-y)
$36,000
10.8
% (y-o-y)
38.2%
23.1
% (y-o-y)
Wynnewood
16
15.8
% (y-o-y)
$425,000
12.2
% (y-o-y)
Data not available
Elkins Park
12
25.0
% (y-o-y)
$265,000
57.0
% (y-o-y)
60.8%
0.0
% (y-o-y)
Bala Cynwyd
7
63.2
% (y-o-y)
$600,000
76.2
% (y-o-y)
Data not available
Wyncote
7
12.5
% (y-o-y)
$256,500
25.1
% (y-o-y)
Data not available
Merion Station
6
50.0
% (y-o-y)
$510,000
26.7
% (y-o-y)
Data not available
Narberth
5
50.0
% (y-o-y)
$440,000
2.2
% (y-o-y)
Data not available
Cheltenham
4
42.9
% (y-o-y)
$180,000
0.3
% (y-o-y)
37.8%
0.0
% (y-o-y)
National Park
3
50.0
% (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: 7.50%
Percentage of vacant homes: 14.12%