Is Philadelphia, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
At the same time last year, Philadelphia was a Seller's Market.
How much do homes in Philadelphia, PA cost?
Median Sold Price
$274,972
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
Median Sold Price By Bedroom Count
# BEDS | Dec 2021 | Dec 2022 | % |
---|---|---|---|
1 Bedroom | $277.6K | $280K | +0.9% |
2 Bedrooms | $280.5K | $274.9K | -2.0% |
3 Bedrooms | $260K | $257.7K | -0.9% |
4 Bedrooms | $358.8K | $350.6K | -2.3% |
5+ Bedrooms | $445K | $389.2K | -12.5% |
Median Sold Price Compared To Nearby Cities
Upper Darby | $154.9K | $175K | +13.0% |
Cheltenham Township | $343.2K | $355.3K | +3.5% |
Philadelphia | $276.2K | $274.9K | -0.5% |
How many homes are available in Philadelphia, PA?
Number of Homes For Sale
Nov 2022 | Dec 2022 | % |
---|---|---|
9,458 | 9,175 | -3.0% |
Homes For Sale By Bedroom Count
# BEDS | Nov 2022 | Dec 2022 | % |
---|---|---|---|
1 Bedroom | 364 | 357 | -1.9% |
2 Bedrooms | 1,578 | 1,535 | -2.7% |
3 Bedrooms | 5,583 | 5,380 | -3.6% |
4 Bedrooms | 1,380 | 1,351 | -2.1% |
5+ Bedrooms | 553 | 552 | -0.2% |
Number of Homes Sold
Nov 2022 | Dec 2022 | % |
---|---|---|
1,002 | 895 | -10.7% |
Asking Price vs. Sold Price
528 Homes Were Sold
Under Asking
215 Homes Were Sold
At Asking
152 Homes Were Sold
Over Asking
Average Sale Time
Dec 2021 | Dec 2022 | % |
---|---|---|
36 Days | 46 Days | +28.4% |
Breakdown of Home Sale Times
466 Homes Were Sold
Under 30 Days
288 Homes Were Sold
In 30 - 90 Days
141 Homes Were Sold
Over 90 Days