RealTrends Market Report

Philadelphia, PA

Single-Family Homes

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Philadelphia, PA

Sun Dec 10 2023
This week the median list price for Philadelphia, PA is $250,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has decreased to 2,671. 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

Sun Dec 10 2023
This week the median list price for Philadelphia, PA is $250,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has decreased to 2,671. 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 $250,000
Median Price of New Listings $229,450
Per Square Foot $195
Average Days on Market 122
Median Days on Market 77
Price Decreased 49%
Price Increased 2%
Relisted 8%
Inventory 2,671
Median Rent
Market Action 33
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
$629,999 2,328 0 - 4,500 sqft 3 3 63 23 41 70
$315,000 1,350 0 - 4,500 sqft 3 2 99 63 58 77
$209,945 1,140 0 - 4,500 sqft 3 2 98 35 78 84
$118,950 1,059 0 - 4,500 sqft 3 1 98 73 62 77