Philadelphia Market Watch

Philadelphia, PA

Single-Family Homes

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



Philadelphia, PA

Wed Nov 25 2020
This week the median list price for Philadelphia, PA is $325,000 with the market action index hovering around 38. This is less than last month's market action index of 41. Inventory has held steady at or around 2,821. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Philadelphia, PA

Wed Nov 25 2020
This week the median list price for Philadelphia, PA is $325,000 with the market action index hovering around 38. This is less than last month's market action index of 41. Inventory has held steady at or around 2,821. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Philadelphia market.
Median List Price $325,000
Per Square Foot $238
Days on Market 103
Price Decreased 49%
Price Increased 4%
Relisted 9%
Inventory 2,821
Median Rent $1,500
Most Expensive $7,975,000
Least Expensive $19,900
Market Action 38
Slight Seller's Advantage

This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.

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
$699,900 2,384 0 - 4,500 sqft 3 3 40 47 51 107
$400,000 1,534 0 - 4,500 sqft 3 2 95 66 63 99
$265,000 1,100 0 - 4,500 sqft 3 1 97 63 81 96
$149,900 1,084 0 - 4,500 sqft 3 1 95 100 69 109