Maria Quattrone's Market Report

Philadelphia, PA

Single-Family Homes

RE/MAX @ HOME



Philadelphia, PA

Fri Sep 20 2019
This week the median list price for Philadelphia, PA is $275,000 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has held steady at or around 3083. 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

Fri Sep 20 2019
This week the median list price for Philadelphia, PA is $275,000 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has held steady at or around 3083. 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 $275,000
Per Square Foot $197
Days on Market 93
Price Decreased 42%
Price Increased 3%
Relisted 7%
Inventory 3083
Median House Rent $1,600
Most Expensive $11,500,000
Least Expensive $14,000
Market Action Index
Slight Seller's Advantage
39

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 2,296 0 - 4,500 sqft 3 3 32 105 42 99
$344,900 1,440 0 - 4,500 sqft 3 2 94 101 60 87
$225,000 1,147 0 - 4,500 sqft 3 1 94 86 79 96
$100,000 1,124 0 - 4,500 sqft 3 1 94 104 95 90