Philadelphia Market Watch

Philadelphia, PA

Single-Family Homes

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



Philadelphia, PA

Tue Mar 19 2024
This week the median list price for Philadelphia, PA is $249,900 with the market action index hovering around 35. This is an increase over last month's market action index of 33. Inventory has held steady at or around 2,380. 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

Tue Mar 19 2024
This week the median list price for Philadelphia, PA is $249,900 with the market action index hovering around 35. This is an increase over last month's market action index of 33. Inventory has held steady at or around 2,380. 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 $249,900
Median Price of New Listings $259,900
Per Square Foot $194
Average Days on Market 130
Median Days on Market 84
Price Decreased 38%
Price Increased 2%
Relisted 8%
Inventory 2,380
Median Rent
Market Action 35
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
$645,900 2,400 0 - 4,500 sqft 4 3 63 72 63 70
$310,000 1,327 0 - 4,500 sqft 3 2 101 64 59 77
$209,000 1,120 0 - 4,500 sqft 3 2 99 65 49 77
$110,000 1,060 0 - 4,500 sqft 3 1 99 66 78 98