RealTrends Market Report

Philadelphia, PA

Single-Family Homes

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Philadelphia, PA

Fri Apr 12 2024
This week the median list price for Philadelphia, PA is $259,999 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has decreased to 2,307. 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

Fri Apr 12 2024
This week the median list price for Philadelphia, PA is $259,999 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has decreased to 2,307. 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 $259,999
Median Price of New Listings $249,900
Per Square Foot $199
Average Days on Market 130
Median Days on Market 70
Price Decreased 40%
Price Increased 3%
Relisted 7%
Inventory 2,307
Median Rent
Market Action 36
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 2,400 0 - 4,500 sqft 4 3 74 50 75 63
$325,000 1,360 0 - 4,500 sqft 3 2 101 65 71 63
$215,000 1,134 0 - 4,500 sqft 3 2 99 64 72 70
$115,000 1,054 0 - 4,500 sqft 3 1 99 64 91 91