Market Report

Philadelphia, PA 19144

Single-Family Homes

Chartwell Escrow



Philadelphia, PA 19144

Sun May 19 2024
This week the median list price for Philadelphia, PA 19144 is $252,250 with the market action index hovering around 44. This is an increase over last month's market action index of 38. Inventory has decreased to 12. 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 have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Philadelphia, PA 19144

Sun May 19 2024
This week the median list price for Philadelphia, PA 19144 is $252,250 with the market action index hovering around 44. This is an increase over last month's market action index of 38. Inventory has decreased to 12. 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 have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Philadelphia market.
Median List Price $252,250
Median Price of New Listings $550,000
Per Square Foot $159
Average Days on Market 76
Median Days on Market 42
Price Decreased 33%
Price Increased 0%
Relisted 25%
Inventory 12
Median Rent
Market Action 44
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$550,000 2,250 0 - 4,500 sqft 4 3 114 2 1 0
$289,900 1,843 0 - 4,500 sqft 4 2 114 0 0 14
$214,900 1,944 0 - 4,500 sqft 5 2 119 1 0 84
$125,000 1,284 0 - 4,500 sqft 3 2 124 0 1 119