Philadelphia Market Watch

Philadelphia, PA

Single-Family Homes

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



Philadelphia, PA

Mon Mar 01 2021
This week the median list price for Philadelphia, PA is $300,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has held steady at or around 2,268. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Philadelphia, PA

Mon Mar 01 2021
This week the median list price for Philadelphia, PA is $300,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has held steady at or around 2,268. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Philadelphia market.
Median List Price $300,000
Per Square Foot $230
Days on Market 28
Price Decreased 33%
Price Increased 4%
Relisted 7%
Inventory 2,268
Median Rent $1,500
Most Expensive $11,500,000
Least Expensive $10,000
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
$678,000 2,292 0 - 4,500 sqft 3 3 15 67 64 28
$375,000 1,371 0 - 4,500 sqft 3 2 96 71 80 28
$249,900 1,109 0 - 4,500 sqft 3 2 98 74 103 28
$137,900 1,064 0 - 4,500 sqft 3 1 96 81 82 28