Philadelphia Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $147,950
    2% ( $2,950 ) vs Oct 2013
  • Median Sales Price
    $101,750
    8% ( $8,250 ) vs Oct 2013
  • Median Foreclosure Sales Price
    $57,000
    3% ( $1,450 ) vs Oct 2013
  • Foreclosures 7,869
    Homes for Sale 2,637
    Recently Sold 16,629

Market Summary

There are currently 7,869 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 2,637.

In November, the number of properties that received a foreclosure filing in Philadelphia, PA was 12% lower than the previous month and 12% higher than the same time last year.

Home sales for October 2014 were up 12% compared with the previous month, and up 55% compared with a year ago. The median sales price of a non-distressed home was $101,750. The median sales price of a foreclosure home was $57,000, or 44% lower than non-distressed home sales.

Sales Prices - Philadelphia, PA




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$57,000 (Median Foreclosure 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) $101,750 (Median 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) $57,000 (Median Foreclosure 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) $101,750 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Levittown
83
25.8
% (y-o-y)
$179,000
7.3
% (y-o-y)
30.1%
49.5
% (y-o-y)
Camden
48
23.8
% (y-o-y)
$35,000
29.6
% (y-o-y)
14.1%
18.1
% (y-o-y)
Riverton
22
26.7
% (y-o-y)
$243,500
3.6
% (y-o-y)
42.5%
31.5
% (y-o-y)
Elkins Park
21
4.5
% (y-o-y)
$219,500
18.2
% (y-o-y)
72.3%
32.7
% (y-o-y)
Wynnewood
17
54.5
% (y-o-y)
$416,000
7.2
% (y-o-y)
Data not available
Narberth
14
6.7
% (y-o-y)
$508,563
16.9
% (y-o-y)
Data not available
Oreland
11
22.2
% (y-o-y)
$289,900
9.4
% (y-o-y)
Data not available
Cheltenham
10
66.7
% (y-o-y)
$217,500
3.3
% (y-o-y)
Data not available
Bala Cynwyd
9
55.0
% (y-o-y)
$434,750
8.0
% (y-o-y)
Data not available
Wyncote
6
0.0
% (y-o-y)
$178,450
36.6
% (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: 6.60%
Percentage of vacant homes: 14.12%