Philadelphia Market Watch

Philadelphia, PA

Single-Family Homes

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



Philadelphia, PA

Fri Jul 01 2022
This week the median list price for Philadelphia, PA is $299,000 with the market action index hovering around 39. This is less than last month's market action index of 45. Inventory has increased to 2,779. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Jul 01 2022
This week the median list price for Philadelphia, PA is $299,000 with the market action index hovering around 39. This is less than last month's market action index of 45. Inventory has increased to 2,779. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $299,000
Median Price of New Listings $299,000
Per Square Foot $215
Average Days on Market 52
Median Days on Market 42
Price Decreased 45%
Price Increased 2%
Relisted 7%
Inventory 2,779
Median Rent
Market Action 39
Slight Seller's Advantage

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$700,000 2,400 0 - 4,500 sqft 3 3 72 36 20 42
$360,000 1,439 0 - 4,500 sqft 3 2 97 40 29 42
$240,000 1,180 0 - 4,500 sqft 3 2 97 38 28 42
$130,000 1,076 0 - 4,500 sqft 3 1 97 37 43 49