Homes For Sale in Philadelphia, PA

Philadelphia, PA Real Estate Market Insight

The housing market in Philadelphia, PA is somewhat competitive. The median sale price of a home in Philadelphia was $265K last month, a notable increase of 6.0% since last year. The median sale price per square foot in Philadelphia is $199, an increase of 3.4% since last year. In April 2024:

$265,000

Median Sale Price

1294

# of Homes Sold

45

Median Days on Market

Map of Philadelphia Homes For Sale

For Sale
Pending
Under Contract
Active Under Contract
Coming Soon
Pocket Listing

Philadelphia Real Estate FAQs

Everything you need to know about Philadelphia real estate.

In Philadelphia, PA, living expenses are 6% more expensive than the average for the state and 2% more expensive than the national average.

Right now is the perfect time! About 22.8% of homes are selling for less than their listed price. Plus, there's been a 13.6% rise in newly listed homes. This means you have plenty of options and a better chance of finding your dream home at a great price.

Absolutely, moving to Philly is a great idea. If you value living in a city full of culture, fun things to do, and history, then Philly is the place for you. Plus, compared to cities like Boston, New York, and D.C., Philly's cost of living is much cheaper, making it a very affordable option for a big city in the Northeast.

For a regular homeowner in Philadelphia, the total property tax bill in 2021 was $1,131, which was lower than most other cities compared, except Detroit. However, Philadelphia's overall tax burden for households, which includes the wage tax and other charges, is higher than in many other places.

The typical home in the Philadelphia-Camden-Wilmington area is worth around $341,744, which is up by 6.4% from last year. Looking ahead, experts predict the housing market will keep going up, with an expected growth of 3.1% in the coming year.

Work With Us

If you are looking to buy, sell, or lease a luxury property in Philadelphia or the surrounding area, Caspi Pouget Advisory is the team to trust. Call the team now!