Philadelphia Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $149,000
    10% ( $14,000 ) vs Mar 2014
  • Median Sales Price
    $90,000
    12% ( $12,000 ) vs Mar 2014
  • Median Foreclosure Sales Price
    $40,000
    17% ( $8,000 ) vs Mar 2014
  • Foreclosures 7,226
    Homes for Sale 4,118
    Recently Sold 7,938

Market Summary

There are currently 7,226 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 4,118.

In April, the number of properties that received a foreclosure filing in Philadelphia, PA was 19% higher than the previous month and 17% higher than the same time last year.

Home sales for March 2015 were down 84% compared with the previous month, and down 90% compared with a year ago. The median sales price of a non-distressed home was $90,000. The median sales price of a foreclosure home was $40,000, or 56% lower than non-distressed home sales.

Sales Prices - Philadelphia, PA




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$40,000 (Median Foreclosure Sales Price) $48,000 (Median Foreclosure Sales Price) $58,000 (Median Foreclosure Sales Price) $60,000 (Median Foreclosure Sales Price) $56,550 (Median Foreclosure Sales Price) $57,000 (Median Foreclosure Sales Price) $90,000 (Median Sales Price) $102,000 (Median Sales Price) $104,750 (Median Sales Price) $105,000 (Median Sales Price) $99,550 (Median Sales Price) $102,100 (Median 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) $56,550 (Median Foreclosure Sales Price) $57,000 (Median Foreclosure Sales Price) $90,000 (Median Sales Price) $102,000 (Median Sales Price) $104,750 (Median Sales Price) $105,000 (Median Sales Price) $99,550 (Median Sales Price) $102,100 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Levittown
27
60.3
% (y-o-y)
$179,900
3.5
% (y-o-y)
50.4%
36.5
% (y-o-y)
Upper Darby
15
59.5
% (y-o-y)
Data not available
Data not available
Camden
15
60.5
% (y-o-y)
$47,500
58.3
% (y-o-y)
55.3%
41.2
% (y-o-y)
Lansdowne
13
31.6
% (y-o-y)
Data not available
Data not available
Darby
10
70.6
% (y-o-y)
Data not available
Data not available
Riverton
6
57.1
% (y-o-y)
$222,000
5.7
% (y-o-y)
Data not available
Elkins Park
5
73.7
% (y-o-y)
$173,375
8.8
% (y-o-y)
Data not available
Bala Cynwyd
3
50.0
% (y-o-y)
$389,000
3.2
% (y-o-y)
Data not available
Cheltenham
3
57.1
% (y-o-y)
$207,500
15.6
% (y-o-y)
46.0%
0.0
% (y-o-y)
Wynnewood
3
81.3
% (y-o-y)
$392,500
31.6
% (y-o-y)
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: 7.10%
Percentage of vacant homes: 14.12%