Philadelphia Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $155,000
    3% ( $4,900 ) vs Jul 2013
  • Median Sales Price
    $115,000
    15% ( $15,000 ) vs Jul 2013
  • Median Foreclosure Sales Price
    $56,000
    3% ( $1,500 ) vs Jul 2013
  • Foreclosures 8,251
    Homes for Sale 4,864
    Recently Sold 15,282

Market Summary

There are currently 8,251 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 4,864.

In August, the number of properties that received a foreclosure filing in Philadelphia, PA was 1% higher than the previous month and 1% lower than the same time last year.

Home sales for July 2014 were down 9% compared with the previous month, and down 11% compared with a year ago. The median sales price of a non-distressed home was $115,000. The median sales price of a foreclosure home was $56,000, or 51% lower than non-distressed home sales.

Sales Prices - Philadelphia, PA




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$56,000 (Median Foreclosure Sales Price) $54,500 (Median Foreclosure Sales Price) $49,901 (Median Foreclosure Sales Price) $51,500 (Median Foreclosure Sales Price) $55,000 (Median Foreclosure Sales Price) $60,000 (Median Foreclosure Sales Price) $115,000 (Median Sales Price) $100,000 (Median Sales Price) $91,450 (Median Sales Price) $89,650 (Median Sales Price) $98,000 (Median Sales Price) $107,000 (Median Sales Price) $56,000 (Median Foreclosure Sales Price) $54,500 (Median Foreclosure Sales Price) $49,901 (Median Foreclosure Sales Price) $51,500 (Median Foreclosure Sales Price) $55,000 (Median Foreclosure Sales Price) $60,000 (Median Foreclosure Sales Price) $115,000 (Median Sales Price) $100,000 (Median Sales Price) $91,450 (Median Sales Price) $89,650 (Median Sales Price) $98,000 (Median Sales Price) $107,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Levittown
76
7.3
% (y-o-y)
$185,875
3.7
% (y-o-y)
34.0%
48.2
% (y-o-y)
Elkins Park
33
37.5
% (y-o-y)
$191,750
1.9
% (y-o-y)
Data not available
Wynnewood
30
34.8
% (y-o-y)
$485,000
9.6
% (y-o-y)
Data not available
Bala Cynwyd
24
22.6
% (y-o-y)
$381,500
8.1
% (y-o-y)
Data not available
Narberth
22
12.0
% (y-o-y)
$472,500
19.8
% (y-o-y)
Data not available
Camden
20
48.7
% (y-o-y)
$30,000
11.6
% (y-o-y)
3.3%
3.1
% (y-o-y)
Wyncote
12
200.0
% (y-o-y)
$297,500
20.2
% (y-o-y)
Data not available
Oreland
12
20.0
% (y-o-y)
$267,500
2.7
% (y-o-y)
Data not available
Riverton
10
47.4
% (y-o-y)
$256,250
13.9
% (y-o-y)
Data not available
Merion Station
10
28.6
% (y-o-y)
$625,000
9.5
% (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: 8.20%
Percentage of vacant homes: 14.12%