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: 1,588,239
  • Median Age: 36 yr
  • Median Commute Time: 31 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 11,843/sq mi
  • Population Change Since 2000: 4.66%
  • Closest Airport: Philadelphia International
  • Closest College: Temple University School Of Medicine
  • Closest Jr. College: Community College Of Philadelphia
  • Median Household Income: $42,223
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $195,000
  • Closest Major Sports Team: Philadelphia Phillies
  • Change Avg. Household Income Since 2000: 49.68%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Philadelphia, PA
Median Age: 36 Married: 24% Number of Households: 629,179 Households with Children: 148,920
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 0.5 mi Public K-12 1 0
      Kensington Culinary Arts 0.7 mi Public 9-12 0 0
      The Linc 0.9 mi Public 9-12 0 0
      Horatio B Hackett School (k-5) 1.0 mi Public K-5 2 0
      Jules E Mastbaum High School 1.1 mi Public 9-12 0 0
      Kensington Creative & Performing Arts High School 1.1 mi Public 9-12 0 0
      Nueva Esperanza Academy Charter School 1.4 mi Public 6-12 1 0
      Philadelphia Military Academy At Elverson 1.4 mi Public 9-12 1 0
      Kipp Philadelphia Charter School 1.4 mi Public 5-8 1 0
      Little Flower Catholic High School 1.4 mi Catholic 9-12 0 0
      Mother Of Divine Grace 1.5 mi Catholic PRESCHOOL-8 0 0
      Cristo Rey Philadelphia High School 1.5 mi Catholic 9-12 0 0
      Community Academy Of Philadelphia Charter School 1.5 mi Public K-12 1 0
      Multi-cultural Academy Charter School 1.5 mi Public 9-12 2 0
      Al Aqsa Islamic Academy 1.6 mi Private K-12 0 0
      Dobbins Avt High School 1.8 mi Public 9-12 0 0
      Bodine William W High School 2.0 mi Public 9-12 2 0
      St Martin De Porres School 2.0 mi Catholic PRESCHOOL-8 0 0
      Youth Build Philadelphia Charter School 2.1 mi Public 12-12 0 0
      St Joseph's Preparatory School 2.4 mi Catholic 9-12 0 0
      Aspira Olney Charter High School 2.4 mi Public 9-12 0 0
      Mercy Vocational High School 2.4 mi Catholic 9-12 0 0
      Parkway-center City 2.7 mi Public 9-12 3 0
      Girard College 2.7 mi Private 1-12 0 0
      A. Philip Randolph Career And Technical High School 2.7 mi Public 9-12 0 0
      Strawberry Mansion High School 2.8 mi Public 9-12 0 0
      Math Civics And Sciences Cs 2.8 mi Public 1-12 1 0
      Masterman Julia R Secondary School 2.8 mi Public 5-12 5 0
      Washington Grover Jr School 2.9 mi Public 5-8 1 0
      Roman Catholic High School 3.0 mi Catholic 9-12 0 0
      Philadelphia High School For Girls 3.1 mi Public 9-12 5 0
      Widener Memorial School 3.1 mi Public K-12 0 0
      Frankford High School 3.1 mi Public 9-12 0 0
      International Christian High School 3.2 mi Private 9-12 0 0
      Jw Hallahan Catholic Girls' High School 3.2 mi Catholic 9-12 0 0
      Central High School 3.2 mi Public 9-12 5 0
      Mastery Charter High School - Lenfest Campus 3.3 mi Public 7-12 1 0
      Samuel Fels High School 3.3 mi Public 9-12 0 0
      Constitution High School 3.3 mi Public 9-12 1 0
      Friends Select School 3.3 mi Private PRESCHOOL-12 0 0
      Germantown Friends School 3.3 mi Private PRESCHOOL-12 0 0
      Architecture And Design Charter High School 3.4 mi Public 9-12 0 0
      Maritime Academy Charter School 3.5 mi Public 1-8 1 0
      William Penn Charter School 3.5 mi Private PRESCHOOL-12 0 0
      Philadelphia Electrical And Technology Charter School 3.5 mi Public 9-12 1 0
      Franklin Towne Charter High School 3.5 mi Public 9-12 5 0
      Science Leadership Academy 3.6 mi Public 9-12 3 0
      Student Ed Center & Delaware Valley High School Cc 3.6 mi Private 8-12 0 0
      Freire Charter School 3.7 mi Public 5-12 2 0
      Imhotep Institute Charter High School 4.0 mi Public 9-12 0 0
      Academy At Palumbo 4.1 mi Public 9-12 5 0
      School Of The Future 4.1 mi Public 9-12 0 0
      Creative And Performing Arts 4.2 mi Public 9-12 2 0
      The Philadelphia School 4.2 mi Private PRESCHOOL-8 0 0
      Jackson Andrew School 4.5 mi Public PRESCHOOL-8 2 0
      King Martin Luther High School 4.6 mi Public 9-12 0 0
      Parkway Northwest 4.6 mi Public 9-12 0 0
      Paul Robeson High School For Human Services 4.7 mi Public 9-12 1 0
      Saints John Neumann And Maria Goretti Catholic High School 4.9 mi Catholic 9-12 0 0
      West Philadelphia Catholic High School 5.0 mi Catholic 9-12 0 0
      Amy Northwest 5.0 mi Public 6-8 2 0
      Horace Howard Furness High School 5.0 mi Public 9-12 1 0
      Spruce Hill Christian School 5.0 mi Private K-5 0 0
      Northeast High School 5.2 mi Public 9-12 1 0
      South Philadelphia High School 5.3 mi Public 9-12 0 0
      West Philadelphia High School 5.3 mi Public 9-12 0 0
      Mastery Charter School - Shoemaker Campus 5.3 mi Public 7-12 1 0
      The Workshop School 5.3 mi Public 9-12 0 0
      Preparatory Charter School Of Math, Science, Technology And Careers 5.4 mi Public 9-12 1 0
      Universal Audenried Charter School 5.5 mi Public 9-12 1 0
      St Francis De Sales School 5.5 mi Catholic K-8 0 0
      Bethel Baptist Academy 5.5 mi Private K-12 0 0
      Roxborough High School 5.7 mi Public 9-12 0 0
      Philadelphia Performing Arts: A String Theory Charter School - West Campus 5.7 mi Public 2-4 2 0
      Lincoln High School 5.7 mi Public 9-12 0 0
      Girard Academic Music Program 5.7 mi Public 5-12 5 0
      Overbrook High School 5.7 mi Public 9-12 0 0
      St. Hubert Catholic High School For Girls 5.7 mi Catholic 9-12 0 0
      Meehan Austin Middle School 5.8 mi Public 7-8 1 0
      Mastery Charter School - Thomas Campus 5.8 mi Public 7-12 2 0
      The Science Leadership Academy At Beeber 5.9 mi Public 9-12 1 0
      Walter Biddle Saul Agricultural High School 6.0 mi Public 9-12 1 0
      Boys Latin Of Philadelphia Cs 6.1 mi Public 9-12 1 0
      Tacony Academy Charter School 6.1 mi Public K-12 1 0
      Sayre William L Middle School 6.1 mi Public 9-12 0 0
      New Foundations Charter School K-8 6.3 mi Public K-8 2 0
      Motivation High School 6.8 mi Public 9-12 0 0
      Father Judge High School 6.8 mi Catholic 9-12 0 0
      The Crefeld School 7.1 mi Private 7-12 0 0
      Norwood-fontbonne Academy 7.3 mi Catholic PRESCHOOL-8 0 0
      John Bartram High School 7.4 mi Public 9-12 0 0
      Maternity Bvm School 7.9 mi Catholic PRESCHOOL-8 0 0
      Penrose School 8.7 mi Public K-8 0 0
      Nazareth Academy High School 8.8 mi Catholic 9-12 0 0
      Archbishop Ryan High School 9.8 mi Catholic 9-12 0 0
      Philadelphia Academy Charter School 9.9 mi Public K-8 3 0
      Arts Academy At Benjamin Rush 10.3 mi Public 9-12 3 0
      Mast Community Charter School 10.6 mi Public K-12 5 0
      Decatur Stephen School 11.1 mi Public K-8 2 0
      Calvary Christian Academy 11.2 mi Private PRESCHOOL-6 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.
      Local Weather for Philadelphia, PA
        Data powered by Attom Data Solutions. Copyright© 2020. 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.