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. Youll 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 April's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was down 11% from one year earlier, and up 6% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 160-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 4%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 160-thousand dollars. The number of units sold increased 7% year-over-year, and increased 5% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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. Youll 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: 1,543,884
  • Median Age: 33.2 yr
  • Median Commute Time: 29.15 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 11,513/sq mi
  • Population Change Since 2000: 1.74%
  • Closest Airport: Philadelphia International
  • Closest College: Temple University School Of Medicine
  • Closest Jr. College: Community College Of Philadelphia
  • Median Household Income: $37,149
  • Annual Residential Turnover: 16.39%
  • Median Years in Residence: 4.5 yr
  • Median Home Sales Price: $125,000
  • Closest Major Sports Team: Phillies
  • Change Avg. Household Income Since 2000: 20%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Philadelphia, PA
Median Age: 33.2 Married: 20% Number of Households: 625,350 Households with Children: 197,715
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 GreatSchools Rating Parent Rating
      Munoz-marin Luis 0.7 mi Public PRESCHOOL-8 1 4
      Bethel Baptist Academy 0.9 mi Private K-12 0 4
      Moffet John School 1.2 mi Public K-5 2 3
      Kipp Philadelphia Charter School 1.2 mi Public 5-8 1 4
      Lasalle Academy 1.4 mi Catholic 3-8 0 5
      Our Lady Help Of Christians 1.4 mi Catholic PRESCHOOL-8 0 4
      Duckrey Tanner School 1.5 mi Public PRESCHOOL-8 0 4
      Little Flower Catholic High School 1.6 mi Catholic 9-12 0 4
      Young Scholars Cs 1.9 mi Public 6-8 3-5 4
      St George Elementary School 2.0 mi Catholic PRESCHOOL-8 0 4
      St Martin De Porres School 2.0 mi Catholic K-8 0 5
      Northeast Catholic High School 2.1 mi Catholic 9-12 0 4
      Gesu School 2.1 mi Catholic PRESCHOOL-8 0 4
      St Joseph's Preparatory School 2.2 mi Catholic 9-12 0 5
      Community Partnership 2.3 mi Private PRESCHOOL-5 0 5
      Girard College 2.4 mi Private 1-12 2 4
      Logan Hope School 2.6 mi Private K-8 0 4
      Folk Arts-cultural Treasures Cs 2.6 mi Public K-8 3 4
      Masterman Julia R Secondary School 2.7 mi Public 5-12 5 4
      Spring Garden Academy 2.8 mi Private PRESCHOOL-4 0 5
      Roman Catholic High School 2.8 mi Catholic 9-12 0 4
      Frankford Friends School 2.8 mi Private PRESCHOOL-8 0 4
      Franklin Towne Charter Elementary School 3.0 mi Public K-8 3 5
      Friends Select School 3.2 mi Private PRESCHOOL-12 0 4
      Central High School 3.4 mi Public 9-12 5 4
      Bridesburg School 3.5 mi Public K-6 1 4
      Mccall Gen George A School 3.5 mi Public K-8 3 4
      Science Leadership Academy 3.5 mi Public 9-12 4-5 5
      St. Peter's School 3.5 mi Private PRESCHOOL-8 0 4
      Germantown Friends School 3.5 mi Private K-12 0 5
      Caring Center 3.6 mi Private PRESCHOOL-K 0 5
      Pennsylvania School For The Deaf 3.6 mi Private PRESCHOOL-12 0 5
      St Martin Of Tours School 3.6 mi Catholic PRESCHOOL-8 0 4
      Eugenio Maria De Hostos Cs 3.8 mi Public K-8 2 4
      Academy At Palumbo 3.9 mi Public 9-12 4 3
      Powel Samuel School 4.0 mi Public K-4 2 5
      Creative And Performing Arts 4.0 mi Public 9-12 4 4
      Montessori Genesis Ii School 4.1 mi Private PRESCHOOL-4 0 5
      The Philadelphia School 4.1 mi Private PRESCHOOL-8 0 4
      Lotus Academy 4.1 mi Private PRESCHOOL-5 0 4
      Green Tree School 4.1 mi Private 1-12 0 4
      High Street Christian Academy 4.2 mi Private K-6 0 4
      Vare-washington Elementary School 4.2 mi Public PRESCHOOL-8 1 4
      Annunciation Bvm School 4.4 mi Catholic PRESCHOOL-8 0 4
      Cedar Grove Christian Academy 4.4 mi Private PRESCHOOL-8 0 4
      Barratt Norris S Middle School 4.5 mi Public K-8 0 4
      Cook-wissahickon School 4.5 mi Public PRESCHOOL-8 2-5 5
      Methodist Services For Children And Families 4.6 mi Private K-K 0 4
      Christian Stronghold Learning Academy 4.7 mi Private K-6 0 4
      St Nicholas Of Tolentine School 4.7 mi Catholic PRESCHOOL-8 0 4
      Our Mother Of Sorrows/st Ignatius Schools 4.8 mi Catholic PRESCHOOL-8 0 5
      Hill J E/freedman Samson 4.8 mi Public 6-8 4-5 4
      Project Learn School 4.8 mi Private K-8 0 5
      St Thomas Aquinas School 4.8 mi Catholic PRESCHOOL-8 0 4
      Penn Alexander School 4.9 mi Public PRESCHOOL-8 4-5 5
      West Philadelphia Catholic High School 4.9 mi Catholic 9-12 0 4
      The Islamic Education School -ties 4.9 mi Private PRESCHOOL-8 0 4
      Planet Abacus Cs 5.0 mi Public K-8 5 4
      True Gospel Tabernacle Learning Center 5.0 mi Private PRESCHOOL-4 0 3
      Jubilee School 5.0 mi Private PRESCHOOL-6 0 4
      Mcdaniel Delaplaine School 5.1 mi Public K-8 0 5
      St Gabriel School 5.1 mi Catholic PRESCHOOL-8 0 4
      The Mill Creek School 5.1 mi Private - 0 5
      Hms School For Children With Cerebral Palsy 5.2 mi Private UNGRADE-UNGRADE 0 0
      Green Woods Cs 5.2 mi Public K-8 4 5
      Mastery Charter School Mann Campus 5.3 mi Public K-6 2 4
      Immanuel Lutheran School 5.4 mi Private PRESCHOOL-8 0 4
      St Rose Of Lima Elementary School 5.8 mi Catholic PRESCHOOL-8 0 4
      G C A Daycare & Learning Center 5.8 mi Private PRESCHOOL-2 0 4
      St. Hubert Catholic High School For Girls 5.8 mi Catholic 9-12 0 4
      Holy Child School 5.8 mi Catholic PRESCHOOL-8 0 4
      Ad Prima Cs 5.9 mi Public K-8 4-5 4
      Dobson James School 5.9 mi Public K-8 2-5 4
      The Waldorf School Of Philadelphia 6.1 mi Private PRESCHOOL-8 0 5
      Sanctuary Christian Academy 6.2 mi Private K-6 0 5
      Overbrook School For The Blind 6.3 mi Private PRESCHOOL-12 0 4
      Springside Chestnut Hill Academy 6.3 mi Private PRESCHOOL-12 0 4
      Holmesburg Christian Academy 6.4 mi Private PRESCHOOL-8 0 4
      Loving Care Academy 6.4 mi Private 1-12 0 4
      Mccloskey John F School 6.6 mi Public PRESCHOOL-6 1 4
      Better Way Academy 6.6 mi Private PRESCHOOL-12 0 4
      Motivation High School 6.7 mi Public 9-12 2-5 4
      Father Judge High School 6.9 mi Catholic 9-12 0 4
      St Dominic School 7.2 mi Catholic PRESCHOOL-8 0 4
      Catharine Joseph School 7.2 mi Public PRESCHOOL-5 1 5
      Our Mother Of Consolation Catholic 7.3 mi Catholic PRESCHOOL-8 0 5
      Christ Haven Christian Academy 7.4 mi Private PRESCHOOL-6 0 5
      Mount Sinai Christian Academy 7.9 mi Private PRESCHOOL-2 0 0
      Baldi Child Care A Middle School 8.2 mi Public 6-8 3-5 4
      Lehigh Christian Academy 8.3 mi Private PRESCHOOL-8 0 5
      St Katherine Of Siena School 8.7 mi Catholic PRESCHOOL-8 0 4
      Nazareth Academy High School 8.8 mi Catholic 9-12 0 4
      Nazareth Academy Grade School 8.9 mi Catholic 1-8 0 5
      Christ The King Elementary School 9.3 mi Catholic PRESCHOOL-8 0 4
      Bambi Day Care Center 9.4 mi Private PRESCHOOL-K 0 5
      Our Lady Of Calvary School 10.0 mi Catholic PRESCHOOL-8 0 4
      Mast Community Charter School 10.7 mi Public K-12 4 4
      Delta School 10.7 mi Private K-12 0 5
      Comly Watson School 11.0 mi Public K-5 2-5 4
      Calvary Christian Academy 11.4 mi Private PRESCHOOL-6 0 4
      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: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Philadelphia, PA
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 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.