SEARCH PHILADELPHIA HOMES FOR SALE WITH PHILADELPHIA REAL ESTATE EXPERTS, Caspi • Pouget Advisor.
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:
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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.
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.
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!
