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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.
Show Transcript
Map Information for Philadelphia, PA
Area Information for Philadelphia, PA
  • Population: 1,578,455
  • Median Age: 35.64 yr
  • Median Commute Time: 31 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 11,770/sq mi
  • Population Change Since 2000: 4.02%
  • Closest Airport: Philadelphia International
  • Closest College: Temple University School Of Medicine
  • Closest Jr. College: Community College Of Philadelphia
  • Median Household Income: $42,397
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $145,000
  • Closest Major Sports Team: Philadelphia Phillies
  • Change Avg. Household Income Since 2000: 49.54%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Philadelphia, PA
Median Age: 35.64 Married: 24% Number of Households: 624,318 Households with Children: 150,441
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
      Bethel Baptist Academy 0.9 mi Private K-12 0 0
      Jules E Mastbaum High School 1.0 mi Public 9-12 0 4
      Philadelphia Military Academy At Elverson 1.3 mi Public 9-12 1 3
      Thomas Edison High School 1.3 mi Public 9-12 0 2
      Al Aqsa Islamic Academy 1.4 mi Private K-12 0 0
      Kipp Philadelphia Charter School 1.4 mi Public 5-8 1 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 4 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 2 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
      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 1 3
      Mercy Vocational 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
      Philadelphia Virtual Academy 2.7 mi Public 6-12 0 2
      International Christian High School 2.8 mi Private 9-12 0 0
      A. Philip Randolph Career And Technical High School 2.8 mi Public 9-12 0 5
      Roman Catholic High School 2.8 mi Catholic 9-12 0 4
      Franklin Towne Charter Elementary School 3.0 mi Public K-8 4 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
      Architecture And Design Charter High School 3.2 mi Public 9-12 0 3
      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 2 4
      Maritime Academy Charter School 3.5 mi Public 2-8 1 4
      Germantown Friends School 3.5 mi Private PRESCHOOL-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
      Academy At Palumbo 3.9 mi Public 9-12 4 4
      Creative And Performing Arts 4.0 mi Public 9-12 2 4
      School Of The Future 4.1 mi Public 9-12 0 3
      The Philadelphia School 4.1 mi Private PRESCHOOL-8 0 0
      Laura H Carnell School 4.1 mi Public K-5 0 0
      Imhotep Institute Charter High School 4.2 mi Public 9-12 0 4
      Paul Robeson High School For Human Services 4.6 mi Public 9-12 1 4
      Saints 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
      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 1 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
      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
      Hill-freedman World Academy 5.9 mi Public 9-12 2 4
      Boys Latin Of Philadelphia Cs 6.1 mi Public 9-12 1 4
      Hardy Williams - Mastery Charter School 6.1 mi Public K-12 1 0
      Walter Biddle Saul Agricultural High School 6.1 mi Public 9-12 0 3
      Tacony Academy Charter School 6.3 mi Public K-12 1 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
      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
      Washington George High School 9.7 mi Public 9-12 0 3
      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 3 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.