Philadelphia Market Watch

Philadelphia, PA

Single-Family Homes

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



Philadelphia, PA

Thu Jan 23 2020
This week the median list price for Philadelphia, PA is $268,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 2555. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Philadelphia, PA

Thu Jan 23 2020
This week the median list price for Philadelphia, PA is $268,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 2555. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Philadelphia market.
Median List Price $268,000
Per Square Foot $197
Days on Market 119
Price Decreased 41%
Price Increased 3%
Relisted 8%
Inventory 2,555
Median Rent $1,520
Most Expensive $11,500,000
Least Expensive $20,000
Market Action 36
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
$594,700 2,277 0 - 4,500 sqft 3 3 31 56 51 138
$329,000 1,376 0 - 4,500 sqft 3 2 95 77 65 121
$219,900 1,152 0 - 4,500 sqft 3 1 95 100 96 107
$109,900 1,128 0 - 4,500 sqft 3 1 95 108 98 108