Philadelphia Market Watch

Philadelphia, PA

Single-Family Homes

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



Philadelphia, PA

Sat Dec 03 2022
This week the median list price for Philadelphia, PA is $278,950 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 3,294. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Philadelphia, PA

Sat Dec 03 2022
This week the median list price for Philadelphia, PA is $278,950 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 3,294. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Philadelphia market.
Median List Price $278,950
Median Price of New Listings $265,000
Per Square Foot $204
Average Days on Market 95
Median Days on Market 70
Price Decreased 51%
Price Increased 2%
Relisted 8%
Inventory 3,294
Median Rent
Market Action 32
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
$674,900 2,376 0 - 4,500 sqft 3 3 66 57 72 77
$349,900 1,440 0 - 4,500 sqft 3 2 97 67 72 70
$225,000 1,164 0 - 4,500 sqft 3 2 97 70 66 56
$130,000 1,080 0 - 4,500 sqft 3 1 97 65 66 77