Philadelphia Market Watch

Philadelphia, PA

Single-Family Homes

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



Philadelphia, PA

Sat Nov 27 2021
This week the median list price for Philadelphia, PA is $299,000 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has decreased to 3,160. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Philadelphia, PA

Sat Nov 27 2021
This week the median list price for Philadelphia, PA is $299,000 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has decreased to 3,160. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Philadelphia market.
Median List Price $299,000
Median Price of New Listings $249,900
Per Square Foot $240
Average Days on Market 31
Median Days on Market 35
Price Decreased 48%
Price Increased 3%
Relisted 7%
Inventory 3,160
Median Rent $1,595
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
$650,000 2,101 0 - 4,500 sqft 3 3 36 46 78 35
$354,900 1,280 0 - 4,500 sqft 3 2 96 65 93 35
$249,900 1,092 0 - 4,500 sqft 3 1 101 91 100 35
$147,750 1,092 0 - 4,500 sqft 3 1 96 109 104 35