Philadelphia Market Watch

Philadelphia, PA

Single-Family Homes

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



Philadelphia, PA

Tue May 18 2021
This week the median list price for Philadelphia, PA is $329,000 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has increased to 2,617. 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.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Philadelphia, PA

Tue May 18 2021
This week the median list price for Philadelphia, PA is $329,000 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has increased to 2,617. 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.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Philadelphia market.
Median List Price $329,000
Median Price of New Listings $307,500
Per Square Foot $257
Average Days on Market 10
Median Days on Market 0
Price Decreased 36%
Price Increased 4%
Relisted 7%
Inventory 2,617
Median Rent $1,500
Market Action 45
Strong Seller's Market

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
$799,000 2,370 0 - 4,500 sqft 3 3 18 87 80 0
$399,900 1,426 0 - 4,500 sqft 3 2 96 94 92 0
$266,500 1,068 0 - 4,500 sqft 3 1 98 87 86 0
$149,900 1,080 0 - 4,500 sqft 3 1 96 112 112 0