Philadelphia Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $161,950
    0% ( $50 ) vs Jun 2015
  • Median Sales Price
    $125,000
    19% ( $20,000 ) vs Jun 2015
  • Median Foreclosure Sales Price
    $45,000
    0% ( $0 ) vs Jun 2015
  • Foreclosures 8,149
    Homes for Sale 2,790
    Recently Sold 7,905

Market Summary

There are currently 8,149 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 2,790.

In July, the number of properties that received a foreclosure filing in Philadelphia, PA was 14% higher than the previous month and 14% lower than the same time last year.

Home sales for June 2016 were up 39% compared with the previous month, and down 23% compared with a year ago. The median sales price of a non-distressed home was $125,000. The median sales price of a foreclosure home was $45,000, or 64% lower than non-distressed home sales.

Sales Prices - Philadelphia, PA




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$45,000 (Median Foreclosure Sales Price) $45,000 (Median Foreclosure Sales Price) $41,000 (Median Foreclosure Sales Price) $44,000 (Median Foreclosure Sales Price) $40,000 (Median Foreclosure Sales Price) $45,000 (Median Foreclosure Sales Price) $125,000 (Median Sales Price) $105,000 (Median Sales Price) $99,900 (Median Sales Price) $100,000 (Median Sales Price) $100,000 (Median Sales Price) $100,550 (Median Sales Price) $45,000 (Median Foreclosure Sales Price) $45,000 (Median Foreclosure Sales Price) $41,000 (Median Foreclosure Sales Price) $44,000 (Median Foreclosure Sales Price) $40,000 (Median Foreclosure Sales Price) $45,000 (Median Foreclosure Sales Price) $125,000 (Median Sales Price) $105,000 (Median Sales Price) $99,900 (Median Sales Price) $100,000 (Median Sales Price) $100,000 (Median Sales Price) $100,550 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Levittown
30
21.1
% (y-o-y)
$194,200
0.4
% (y-o-y)
49.3%
48.0
% (y-o-y)
Camden
11
64.5
% (y-o-y)
$27,000
19.4
% (y-o-y)
40.9%
2.8
% (y-o-y)
Elkins Park
5
58.3
% (y-o-y)
$215,000
15.0
% (y-o-y)
Data not available
Cheltenham
4
33.3
% (y-o-y)
$199,500
8.4
% (y-o-y)
Data not available
Merion Station
4
0.0
% (y-o-y)
$590,000
5.7
% (y-o-y)
Data not available
Wynnewood
4
55.6
% (y-o-y)
$478,500
30.7
% (y-o-y)
Data not available
Bala Cynwyd
3
57.1
% (y-o-y)
$462,500
22.9
% (y-o-y)
Data not available
Oreland
3
57.1
% (y-o-y)
$283,000
2.9
% (y-o-y)
Data not available
Riverton
3
25.0
% (y-o-y)
$190,000
35.6
% (y-o-y)
Data not available
Narberth
3
62.5
% (y-o-y)
$307,500
38.5
% (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: 6.90%
Percentage of vacant homes: 14.12%

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