Philadelphia Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $135,000
    8% ( $9,445 ) vs Feb 2014
  • Median Sales Price
    $102,000
    3% ( $2,750 ) vs Feb 2014
  • Median Foreclosure Sales Price
    $48,000
    17% ( $10,000 ) vs Feb 2014
  • Foreclosures 7,159
    Homes for Sale 3,825
    Recently Sold 9,604

Market Summary

There are currently 7,159 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 3,825.

In March, the number of properties that received a foreclosure filing in Philadelphia, PA was 12% higher than the previous month and 18% lower than the same time last year.

Home sales for February 2015 were down 27% compared with the previous month, and down 16% compared with a year ago. The median sales price of a non-distressed home was $102,000. The median sales price of a foreclosure home was $48,000, or 53% lower than non-distressed home sales.

Sales Prices - Philadelphia, PA




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$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) $55,550 (Median Foreclosure 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) $110,000 (Median 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) $55,550 (Median Foreclosure 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) $110,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Levittown
36
23.4
% (y-o-y)
$180,500
7.8
% (y-o-y)
41.8%
27.3
% (y-o-y)
Camden
9
75.0
% (y-o-y)
$43,500
27.9
% (y-o-y)
35.6%
33.8
% (y-o-y)
Riverton
8
38.5
% (y-o-y)
$223,450
1.1
% (y-o-y)
Data not available
Elkins Park
5
66.7
% (y-o-y)
$165,000
15.4
% (y-o-y)
Data not available
Narberth
5
0.0
% (y-o-y)
$395,000
36.2
% (y-o-y)
Data not available
Oreland
4
33.3
% (y-o-y)
$235,000
8.0
% (y-o-y)
Data not available
Wynnewood
4
42.9
% (y-o-y)
$420,000
19.3
% (y-o-y)
Data not available
Bala Cynwyd
3
70.0
% (y-o-y)
$393,750
1.8
% (y-o-y)
Data not available
Wyncote
3
0.0
% (y-o-y)
$237,500
8.7
% (y-o-y)
11.2%
0.0
% (y-o-y)
Cheltenham
3
40.0
% (y-o-y)
$195,000
2.4
% (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: 7.30%
Percentage of vacant homes: 14.12%