Real Estate Market Update for Philadelphia, PA
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 15% from one year earlier, and down 5% 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 230-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 15%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 200-thousand dollars. The number of units sold decreased 35% year-over-year, and decreased 34% 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.
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Map Information for Philadelphia, PA

Area Information for Philadelphia, PA
  • Population: 1,615,184
  • Median Age: 36.91 yr
  • Median Commute Time: 31 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 12,044/sq mi
  • Population Change Since 2000: 6.88%
  • Closest Airport: Philadelphia International
  • Closest College: Temple Univ-kornberg School Of Dentistry
  • Closest Jr. College: Community College Of Philadelphia
  • Median Household Income: $50,724
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $230,000
  • Closest Major Sports Team: Philadelphia Phillies
  • Change Avg. Household Income Since 2000: 79.53%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Philadelphia, PA
Median Age: 36.91 Married: 25% Number of Households: 641,713 Households with Children: 149,886
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
      Pan American Academy Charter School 0.2 mi Public K-8 1
      Sankofa Freedom Academy Charter School 0.5 mi Public K-12 1
      Conwell Russell Middle School 0.9 mi Public 5-8 2
      Horatio B Hackett School (k-5) 1.0 mi Public K-5 2
      Antonia Pantoja Community Charter School 1.3 mi Public K-8 1
      Philadelphia Military Academy At Elverson 1.4 mi Public 9-12 1
      Kipp Philadelphia Charter School 1.4 mi Public 5-8 1
      Moffet John School 1.4 mi Public K-5 1
      Multi-cultural Academy Charter School 1.5 mi Public 9-12 1
      Adaire Alexander School 1.6 mi Public K-8 3
      Juniata Park Academy 1.6 mi Public K-8 1
      Mastery Charter School - Grover Cleveland Elementary 1.8 mi Public K-8 1
      Mastery Charter School - Preparatory Elementary 1.9 mi Public K-3 1
      Bodine William W High School 2.0 mi Public 9-12 1
      Mariana Bracetti Academy Charter School 2.0 mi Public K-12 1
      Wissahickon Charter School 2.5 mi Public K-8 1
      Northwood Academy Charter School 2.6 mi Public K-8 2
      Parkway Center City Middle Collage 2.7 mi Public 9-12 3
      First Philadelphia Preparatory Charter School 2.8 mi Public K-12 1
      Math Civics And Sciences Cs 2.8 mi Public 1-12 1
      Folk Arts-cultural Treasures Cs 2.8 mi Public K-8 4
      Bache-martin School 2.8 mi Public PRESCHOOL-8 3
      Masterman Julia R Secondary School 2.8 mi Public 5-12 5
      Washington Grover Jr School 2.9 mi Public 5-8 1
      Franklin Towne Charter Elementary School 3.0 mi Public K-8 2
      Universal Creighton Charter School 3.1 mi Public K-8 1
      Philadelphia High School For Girls 3.1 mi Public 9-12 2
      Central High School 3.2 mi Public 9-12 5
      Mastery Charter High School - Lenfest Campus 3.3 mi Public 7-12 1
      Russell Byers Charter School 3.4 mi Public K-8 1
      Maritime Academy Charter School 3.5 mi Public 1-8 1
      Bridesburg School 3.5 mi Public K-8 1
      Philadelphia Electrical And Technology Charter School 3.5 mi Public 9-12 1
      Mastery Cs-smedley Campus 3.5 mi Public K-6 1
      Franklin Towne Charter High School 3.5 mi Public 9-12 5
      Science Leadership Academy 3.6 mi Public 9-12 3
      Eugenio Maria De Hostos Cs 3.6 mi Public K-8 2
      Mccall Gen George A School 3.7 mi Public K-8 5
      Freire Charter School 3.7 mi Public 5-12 1
      Greenfield Albert M School 3.8 mi Public K-8 5
      Meredith William M School 4.0 mi Public K-8 5
      Independence Cs 4.0 mi Public K-8 1
      Independence Charter School 4.0 mi Public K-8 3
      Powel Samuel School 4.0 mi Public K-4 2
      Academy At Palumbo 4.1 mi Public 9-12 1
      Universal Institute Charter School 4.2 mi Public K-8 1
      Nebinger George W School 4.2 mi Public PRESCHOOL-8 2
      Creative And Performing Arts 4.2 mi Public 9-12 2
      Science Leadership Academy Middle School 4.3 mi Public 5-8 1
      Vare-washington Elementary School 4.4 mi Public PRESCHOOL-8 4
      Cook-wissahickon School 4.4 mi Public PRESCHOOL-8 2
      Discovery Charter School 4.5 mi Public K-8 1
      Christopher Columbus Cs 4.5 mi Public K-8 3
      Childs George W School 4.6 mi Public PRESCHOOL-8 1
      Global Leadership Academy Charter School 4.7 mi Public K-8 1
      West Oak Lane Charter School 4.7 mi Public K-8 1
      Day Anna B School 4.8 mi Public PRESCHOOL-8 1
      Kipp Dubois Collegiate Academy 4.8 mi Public 9-12 1
      Parkway West 4.9 mi Public 9-12 1
      Middle Years Alternative School 4.9 mi Public 5-8 1
      Penn Alexander School 5.0 mi Public K-8 5
      Amy Northwest 5.0 mi Public 6-8 1
      Keystone Academy Charter School 5.2 mi Public K-8 2
      Mastery Charter School - Shoemaker Campus 5.3 mi Public 7-12 2
      Kennedy C Crossan School 5.4 mi Public K-5 2
      Universal Alcorn Charter Elementary School 5.4 mi Public K-5 1
      Universal Audenried Charter School 5.5 mi Public 9-12 1
      Universal Vare Charter School 5.6 mi Public 5-8 1
      Jenks Abram School 5.6 mi Public K-5 4
      Philadelphia Performing Arts: A String Theory Charter School - West Campus 5.7 mi Public 2-4 3
      Girard Academic Music Program 5.7 mi Public 5-12 4
      Dobson James School 5.8 mi Public K-8 2
      Mastery Charter School - Thomas Campus 5.8 mi Public 7-12 1
      The Science Leadership Academy At Beeber 5.9 mi Public 5-12 1
      Overbrook Elementary School 6.1 mi Public K-8 1
      Ad Prima Cs 6.2 mi Public K-8 1
      Hardy Williams - Mastery Charter School 6.2 mi Public 7-12 1
      New Foundations Charter School K-8 6.3 mi Public K-8 1
      Green Woods Cs 6.4 mi Public K-8 3
      Philadelphia Harambee Institute Charter School 6.5 mi Public K-8 1
      Overbrook Edu Center 6.6 mi Public K-8 2
      John Jenks Academy For The Arts And Sciences 6.7 mi Public K-8 2
      Shawmont School 6.9 mi Public K-8 2
      Southwest Leadership Academy Charter School 7.9 mi Public K-8 1
      Lankenau High School 7.9 mi Public 9-12 1
      Baldi Child Care A Middle School 8.0 mi Public 6-8 3
      Joseph Greenberg School 8.0 mi Public K-8 4
      Philadelphia Montessori Charter School 8.1 mi Public PRESCHOOL-4 1
      Frank Anne School 8.5 mi Public K-5 2
      John Hancock Demonstration School 9.1 mi Public K-5 2
      Swenson Arts & Technology High School 9.2 mi Public 9-12 1
      Philadelphia Academy Charter School 9.9 mi Public K-8 3
      William H Loesche School 10.0 mi Public PRESCHOOL-5 2
      Aloysius L Fitzpatrick School 10.2 mi Public K-8 2
      Arts Academy At Benjamin Rush 10.3 mi Public 9-12 2
      Mast Community Charter School Ii 10.6 mi Public K-11 2
      Mast Community Charter School 10.6 mi Public K-12 3
      Watson Comly School 10.8 mi Public K-5 2
      Mast Community Charter School Iii (district) 10.9 mi Public K-8 1
      Decatur Stephen School 11.0 mi Public K-8 2
      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.
      Local Weather for Philadelphia, PA
        Data powered by Attom Data Solutions. Copyright© 2022. Information 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.
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