Philadelphia Market Watch

Philadelphia, PA

Single-Family Homes

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



Philadelphia, PA

Sat Oct 16 2021
This week the median list price for Philadelphia, PA is $305,000 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has increased to 3,299. 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

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

Sat Oct 16 2021
This week the median list price for Philadelphia, PA is $305,000 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has increased to 3,299. 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

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 $305,000
Median Price of New Listings $299,000
Per Square Foot $246
Average Days on Market 9
Median Days on Market 0
Price Decreased 46%
Price Increased 3%
Relisted 7%
Inventory 3,299
Median Rent $1,600
Market Action 38
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
$674,950 2,200 0 - 4,500 sqft 3 3 41 94 98 0
$369,900 1,305 0 - 4,500 sqft 3 2 96 101 111 0
$259,000 1,090 0 - 4,500 sqft 3 2 101 96 105 0
$149,900 1,072 0 - 4,500 sqft 3 1 96 120 115 0