Altos Market Data for Realtors

Philadelphia, PA

Single-Family Homes

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Philadelphia, PA

Thu Mar 28 2024
This week the median list price for Philadelphia, PA is $250,000 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has held steady at or around 2,366. 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 continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Philadelphia, PA

Thu Mar 28 2024
This week the median list price for Philadelphia, PA is $250,000 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has held steady at or around 2,366. 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 continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Philadelphia market.
Median List Price $250,000
Median Price of New Listings $284,900
Per Square Foot $197
Average Days on Market 131
Median Days on Market 77
Price Decreased 39%
Price Increased 3%
Relisted 8%
Inventory 2,366
Median Rent
Market Action 35
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
$649,900 2,400 0 - 4,500 sqft 4 3 67 74 61 63
$319,900 1,344 0 - 4,500 sqft 3 2 101 79 64 77
$210,000 1,120 0 - 4,500 sqft 3 2 99 58 65 77
$119,900 1,056 0 - 4,500 sqft 3 1 99 54 89 105