Philadelphia Market Watch

Philadelphia, PA

Single-Family Homes

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



Philadelphia, PA

Sat Jul 31 2021
This week the median list price for Philadelphia, PA is $315,000 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has held steady at or around 2,911. 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 Jul 31 2021
This week the median list price for Philadelphia, PA is $315,000 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has held steady at or around 2,911. 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 $315,000
Median Price of New Listings $299,000
Per Square Foot $250
Average Days on Market 10
Median Days on Market 0
Price Decreased 42%
Price Increased 3%
Relisted 7%
Inventory 2,911
Median Rent $1,550
Market Action 40
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
$715,000 2,295 0 - 4,500 sqft 3 3 40 81 65 0
$385,000 1,358 0 - 4,500 sqft 3 2 96 86 84 0
$264,000 1,062 0 - 4,500 sqft 3 1 101 92 82 0
$149,350 1,080 0 - 4,500 sqft 3 1 96 100 105 0