Philadelphia Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $145,000
    3% ( $4,900 ) vs Sep 2013
  • Median Sales Price
    $110,000
    4% ( $5,000 ) vs Sep 2013
  • Median Foreclosure Sales Price
    $55,550
    3% ( $1,450 ) vs Sep 2013
  • Foreclosures 8,046
    Homes for Sale 2,079
    Recently Sold 16,839

Market Summary

There are currently 8,046 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 2,079.

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

Home sales for September 2014 were up 2% compared with the previous month, and up 9% compared with a year ago. The median sales price of a non-distressed home was $110,000. The median sales price of a foreclosure home was $55,550, or 50% lower than non-distressed home sales.

Sales Prices - Philadelphia, PA




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$55,550 (Median Foreclosure 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) $110,000 (Median Sales Price) $115,000 (Median Sales Price) $115,000 (Median Sales Price) $100,000 (Median Sales Price) $92,000 (Median Sales Price) $89,300 (Median 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) $49,951 (Median Foreclosure Sales Price) $51,500 (Median Foreclosure Sales Price) $110,000 (Median Sales Price) $115,000 (Median Sales Price) $115,000 (Median Sales Price) $100,000 (Median Sales Price) $92,000 (Median Sales Price) $89,300 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Levittown
78
29.1
% (y-o-y)
$182,250
5.6
% (y-o-y)
27.9%
55.2
% (y-o-y)
Camden
49
36.1
% (y-o-y)
$37,500
33.9
% (y-o-y)
20.3%
3.7
% (y-o-y)
Elkins Park
32
23.1
% (y-o-y)
$208,750
16.0
% (y-o-y)
72.3%
55.6
% (y-o-y)
Riverton
25
16.7
% (y-o-y)
$255,000
6.3
% (y-o-y)
54.9%
5.4
% (y-o-y)
Wynnewood
19
11.8
% (y-o-y)
$422,500
6.6
% (y-o-y)
Data not available
Bala Cynwyd
14
75.0
% (y-o-y)
$459,500
2.1
% (y-o-y)
Data not available
Narberth
13
35.0
% (y-o-y)
$575,000
36.9
% (y-o-y)
Data not available
Flourtown
11
57.1
% (y-o-y)
$299,400
11.9
% (y-o-y)
Data not available
Cheltenham
11
15.4
% (y-o-y)
$207,500
2.1
% (y-o-y)
Data not available
Oreland
11
120.0
% (y-o-y)
$289,200
9.1
% (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: 7.10%
Percentage of vacant homes: 14.12%