Philadelphia Market Watch

Philadelphia, PA

Single-Family Homes

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



Philadelphia, PA

Mon Apr 06 2020
This week the median list price for Philadelphia, PA is $269,900 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has held steady at or around 2466. 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

Mon Apr 06 2020
This week the median list price for Philadelphia, PA is $269,900 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has held steady at or around 2466. 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 $269,900
Per Square Foot $200
Days on Market 106
Price Decreased 34%
Price Increased 4%
Relisted 6%
Inventory 2,466
Median Rent $1,550
Most Expensive $11,500,000
Least Expensive $9,900
Market Action 41
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
$594,950 2,228 0 - 4,500 sqft 3 3 30 49 85 119
$334,900 1,403 0 - 4,500 sqft 3 2 95 55 104 106
$222,000 1,160 0 - 4,500 sqft 3 1 95 63 106 106
$109,900 1,120 0 - 4,500 sqft 3 1 95 57 88 92