Philadelphia Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $159,900
    7% ( $10,900 ) vs Apr 2014
  • Median Sales Price
    $90,000
    0% ( $0 ) vs Apr 2014
  • Median Foreclosure Sales Price
    $35,000
    13% ( $5,000 ) vs Apr 2014
  • Foreclosures 6,877
    Homes for Sale 4,037
    Recently Sold 6,187

Market Summary

There are currently 6,877 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 4,037.

In May, the number of properties that received a foreclosure filing in Philadelphia, PA was 3% lower than the previous month and 6% higher than the same time last year.

Home sales for April 2015 were up 181% compared with the previous month, and down 73% 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 $35,000, or 61% lower than non-distressed home sales.

Sales Prices - Philadelphia, PA




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$35,000 (Median Foreclosure 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) $90,000 (Median 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) $35,000 (Median Foreclosure 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) $90,000 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Levittown
28
59.4
% (y-o-y)
$169,900
6.3
% (y-o-y)
47.5%
35.7
% (y-o-y)
Camden
26
39.5
% (y-o-y)
$36,000
2.6
% (y-o-y)
44.7%
33.0
% (y-o-y)
Elkins Park
11
21.4
% (y-o-y)
$235,000
64.3
% (y-o-y)
55.8%
0.0
% (y-o-y)
Wynnewood
7
53.3
% (y-o-y)
$480,000
46.5
% (y-o-y)
Data not available
Cheltenham
5
150.0
% (y-o-y)
Data not available
Data not available
Narberth
5
16.7
% (y-o-y)
$460,000
68.5
% (y-o-y)
Data not available
Flourtown
4
33.3
% (y-o-y)
Data not available
Data not available
Riverton
3
83.3
% (y-o-y)
$219,000
2.8
% (y-o-y)
Data not available
Wyncote
3
40.0
% (y-o-y)
$240,000
43.7
% (y-o-y)
Data not available
Bala Cynwyd
3
40.0
% (y-o-y)
$520,000
33.3
% (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: 6.50%
Percentage of vacant homes: 14.12%