Philadelphia Market Watch

Philadelphia, PA

Single-Family Homes

RE/MAX @ HOME | 215.607.3535 mquattrone@liveloveathome.com



Philadelphia, PA

Fri Nov 15 2019
This week the median list price for Philadelphia, PA is $271,250 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 3462. Click here to stay informed with the Philadelphia market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Philadelphia, PA

Fri Nov 15 2019
This week the median list price for Philadelphia, PA is $271,250 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 3462. Click here to stay informed with the Philadelphia market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Philadelphia market.
Median List Price $271,250
Per Square Foot $199
Days on Market 97
Price Decreased 47%
Price Increased 3%
Relisted 6%
Inventory 3,462
Median Rent $1,595
Most Expensive $11,500,000
Least Expensive $9,500
Market Action 35
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$625,000 2,300 0 - 4,500 sqft 3 3 20 61 32 109
$339,900 1,414 0 - 4,500 sqft 3 2 94 78 46 96
$224,994 1,153 0 - 4,500 sqft 3 1 94 81 52 91
$109,900 1,134 0 - 4,500 sqft 3 1 94 120 62 91