Real Estate Market Update for Philadelphia, PA

Video: Real Estate Community Tour for Philadelphia, PA

See Real estate community tour for Philadelphia, PA The largest city in Pennsylvania, Philadelphia ranks as one of the top centers of economic activity in the US. The City of Brotherly Love has many historic sites such as Independence Hall and the Liberty Bell. The Avenue of the Arts in Center City boasts numerous restaurants and theaters. Perfect for families, the Philadelphia is one of the largest college towns with over 80 colleges, universities, and specialty schools, including the University of Pennsylvania, Drexel University, and Temple University. You'll find luxury-living downtown in Old City, Rittenhouse Square or Society Hill or homes in the surrounding suburbs. The city is a center for arts and culture including the Pennsylvania Academy for Fine Arts and the Philadelphia Museum of Art, one of the largest art museums in the U.S. Also, the Philadelophia Symphony Orchestra is one of the top five city orchestras in the country. Sports fans have a lot of options as Philadelphia has all four major American sports: the Eagles of the NFL, the Phillies of the MLB, 76ers of the NBA and the Flyers of the NHL.our the many attractive homes available throughout greater Philadelphia on century21.com.
Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 26% from one year earlier, and did not change from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 170-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 10%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 170-thousand dollars. The number of units sold decreased 4% year-over-year, and decreased 11% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
The largest city in Pennsylvania, Philadelphia ranks as one of the top centers of economic activity in the US. The City of Brotherly Love has many historic sites such as Independence Hall and the Liberty Bell. The Avenue of the Arts in Center City boasts numerous restaurants and theaters. Perfect for families, the Philadelphia is one of the largest college towns with over 80 colleges, universities, and specialty schools, including the University of Pennsylvania, Drexel University, and Temple University. You'll find luxury-living downtown in Old City, Rittenhouse Square or Society Hill or homes in the surrounding suburbs. The city is a center for arts and culture including the Pennsylvania Academy for Fine Arts and the Philadelphia Museum of Art, one of the largest art museums in the U.S. Also, the Philadelophia Symphony Orchestra is one of the top five city orchestras in the country. Sports fans have a lot of options as Philadelphia has all four major American sports: the Eagles of the NFL, the Phillies of the MLB, 76ers of the NBA and the Flyers of the NHL.our the many attractive homes available throughout greater Philadelphia on century21.com.
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Map Information for Philadelphia, PA
Area Information for Philadelphia, PA
  • Population: 1,558,191
  • Median Age: 34.87 yr
  • Median Commute Time: 31 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 11,619/sq mi
  • Population Change Since 2000: 2.68%
  • Closest Airport: Philadelphia International
  • Closest College: Temple University School Of Medicine
  • Closest Jr. College: Community College Of Philadelphia
  • Median Household Income: $38,982
  • Annual Residential Turnover: 13%
  • Median Home Sales Price: $130,000
  • Closest Major Sports Team: Philadelphia Phillies
  • Change Avg. Household Income Since 2000: 36.39%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Philadelphia, PA
Median Age: 34.87 Married: 24% Number of Households: 614,881 Households with Children: 152,656
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Philadelphia, PA

      School Name Distance Type Grades School Rating Parent Rating
      Sankofa Freedom Academy Charter School 0.3 mi Public K-12 1 0
      Kensington Culinary Arts 0.5 mi Public 9-12 0 3
      Kensington Urban Education Academy 0.6 mi Public 9-12 0 5
      Kensington Business, Finance 0.6 mi Public 9-12 0 0
      Bethel Baptist Academy 0.9 mi Private K-12 0 0
      Jules E Mastbaum High School 1.0 mi Public 9-12 0 4
      Kipp Philadelphia Charter School 1.2 mi Public 5-8 1 0
      Philadelphia Military Academy At Elverson 1.3 mi Public 9-12 1 3
      Al Aqsa Islamic Academy 1.4 mi Private K-10 0 0
      Community Academy Of Philadelphia Charter School 1.6 mi Public K-12 1 0
      Nueva Esperanza Academy Charter School 1.6 mi Public 6-12 1 4
      Carver Engineering And Science High School 1.6 mi Public 7-12 5 4
      Little Flower Catholic High School 1.6 mi Catholic 9-12 0 4
      Multi-cultural Academy Charter School 1.7 mi Public 9-12 1 4
      Dobbins Avt High School 1.9 mi Public 9-12 0 3
      Youth Build Philadelphia Charter School 2.0 mi Public 12-12 0 4
      St Martin De Porres School 2.0 mi Catholic PRESCHOOL-8 0 0
      Mastery Charter School - Simon Gratz School 2.1 mi Public 9-12 0 0
      St Joseph's Preparatory School 2.3 mi Catholic 9-12 0 4
      Parkway-center City 2.5 mi Public 9-12 2 3
      Franklin Learning Center 2.5 mi Public 9-12 3 3
      Mercy Career And Technical High School 2.5 mi Catholic 9-12 0 3
      Franklin Benjamin High School 2.6 mi Public 9-12 0 4
      Girard College 2.6 mi Private 1-12 0 0
      Aspira Olney Charter High School 2.6 mi Public 9-12 0 3
      Folk Arts-cultural Treasures Cs 2.6 mi Public K-8 4 0
      Holy Redeemer School 2.7 mi Catholic K-8 0 4
      City School At Fairmount 2.8 mi Private 9-12 0 5
      A. Philip Randolph Career And Technical High School 2.8 mi Public 9-12 1 5
      Roman Catholic High School 2.8 mi Catholic 9-12 0 4
      Franklin Towne Charter Elementary School 3.0 mi Public K-8 3 4
      Jw Hallahan Catholic Girls' High School 3.0 mi Catholic 9-12 0 0
      Washington Grover Jr School 3.1 mi Public 5-8 1 4
      Mastery Charter High School - Lenfest Campus 3.1 mi Public 7-12 1 3
      Constitution High School 3.1 mi Public 9-12 1 4
      Friends Select School 3.2 mi Private PRESCHOOL-12 0 0
      Frankford High School 3.3 mi Public 9-12 0 3
      Russell Byers Charter School 3.3 mi Public K-6 1 0
      Philadelphia High School For Girls 3.3 mi Public 9-12 4 4
      Widener Memorial School 3.3 mi Public K-12 0 0
      Philadelphia Electrical And Technology Charter School 3.3 mi Public 9-12 1 4
      Samuel Fels High School 3.4 mi Public 9-12 0 3
      Central High School 3.4 mi Public 9-12 5 4
      Science Leadership Academy 3.5 mi Public 9-12 4 4
      Maritime Academy Charter School 3.5 mi Public 2-8 1 4
      Germantown Friends School 3.5 mi Private K-12 0 0
      Freire Charter School 3.6 mi Public 5-12 2 4
      Franklin Towne Charter High School 3.6 mi Public 9-12 5 4
      William Penn Charter School 3.6 mi Private PRESCHOOL-12 0 0
      The City School 3.7 mi Private 9-12 0 5
      Independence Cs 3.8 mi Public K-8 3 0
      Academy At Palumbo 3.9 mi Public 9-12 5 4
      Creative And Performing Arts 4.0 mi Public 9-12 3 4
      School Of The Future 4.1 mi Public 9-12 1 3
      The Philadelphia School 4.1 mi Private PRESCHOOL-8 0 0
      Imhotep Institute Charter High School 4.2 mi Public 9-12 1 4
      Paul Robeson High School For Human Services 4.6 mi Public 9-12 1 4
      Ss John Neumann And Maria Goretti Catholic High School 4.7 mi Catholic 9-12 0 5
      Horace Howard Furness High School 4.8 mi Public 9-12 0 4
      King Martin Luther High School 4.8 mi Public 9-12 0 3
      Hill-freedman World Academy 4.8 mi Public 6-11 5 4
      West Philadelphia Catholic High School 4.9 mi Catholic 9-12 0 3
      Spruce Hill Christian School 4.9 mi Private K-5 0 5
      South Philadelphia High School 5.1 mi Public 9-12 0 0
      Amy Northwest 5.1 mi Public 6-8 3 3
      West Philadelphia High School 5.2 mi Public 9-12 0 5
      Preparatory Charter School Of Math, Science, Technology And Careers 5.3 mi Public 9-12 2 3
      Mayfair School 5.3 mi Public K-8 2 0
      Mastery Charter School - Shoemaker Campus 5.3 mi Public 7-12 1 4
      Universal Audenried Charter School 5.3 mi Public 9-12 0 4
      Northeast High School 5.4 mi Public 9-12 1 3
      St Francis De Sales School 5.4 mi Catholic K-8 0 0
      Our Lady Of Consolation School 5.5 mi Catholic PRESCHOOL-8 0 0
      Philadelphia Performing Arts: A String Theory Charter School - West Campus 5.5 mi Public 2-4 2 3
      Fell D Newlin School 5.5 mi Public K-8 2 0
      Girard Academic Music Program 5.5 mi Public 5-12 5 4
      Mastery Charter School - Thomas Campus 5.6 mi Public 7-12 1 4
      St. Hubert Catholic High School For Girls 5.8 mi Catholic 9-12 0 4
      Lincoln High School 5.8 mi Public 9-12 0 0
      Roxborough High School 5.8 mi Public 9-12 0 3
      Boys Latin Of Philadelphia Cs 6.1 mi Public 9-12 1 4
      Hardy Williams - Mastery Charter School 6.1 mi Public K-6 1 0
      Tacony Academy Charter School 6.3 mi Public K-12 2 0
      New Foundations Charter School K-8 6.4 mi Public K-8 3 1
      Springside Chestnut Hill Academy 6.4 mi Private PRESCHOOL-12 0 0
      Kipp West Philadelphia Preparatory Charter School 6.7 mi Public 5-8 1 4
      Father Judge High School 6.9 mi Catholic 9-12 0 3
      The Crefeld School 7.3 mi Private 7-12 0 0
      John Bartram High School 7.3 mi Public 9-12 0 2
      Norwood-fontbonne Academy 7.5 mi Catholic PRESCHOOL-8 0 5
      Politz Hebrew Academy 7.7 mi Private K-8 0 0
      Maternity Bvm School 8.0 mi Catholic PRESCHOOL-8 0 0
      Penrose School 8.6 mi Public K-8 0 0
      Nazareth Academy High School 8.8 mi Catholic 9-12 0 4
      Nazareth Academy Grade School 8.9 mi Catholic 1-8 0 5
      Archbishop Ryan High School 9.9 mi Catholic 9-12 0 4
      Philadelphia Academy Charter School 10.0 mi Public K-8 3 0
      Arts Academy At Benjamin Rush 10.4 mi Public 9-12 4 4
      Mast Community Charter School 10.7 mi Public K-12 4 0
      Calvary Christian Academy 11.4 mi Private PRESCHOOL-12 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Philadelphia, PA
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.