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: 1,602,082
  • Median Age: 36.6 yr
  • Median Commute Time: 31 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 11,947/sq mi
  • Population Change Since 2000: 6.01%
  • Closest Airport: Philadelphia International
  • Closest College: Temple Univ-kornberg School Of Dentistry
  • Closest Jr. College: Community College Of Philadelphia
  • Median Household Income: $46,581
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $200,000
  • Closest Major Sports Team: Philadelphia Phillies
  • Change Avg. Household Income Since 2000: 65.86%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Philadelphia, PA
Median Age: 36.6 Married: 24% Number of Households: 636,042 Households with Children: 149,953
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 3
      Jules E Mastbaum High School 1.1 mi Public 9-12 0 3
      Kensington Creative & Performing Arts High School 1.1 mi Public 9-12 0 2
      Thomas Edison High School 1.1 mi Public 9-12 0 2
      Nueva Esperanza Academy Charter School 1.4 mi Public 6-12 1 4
      Philadelphia Military Academy At Elverson 1.4 mi Public 9-12 1 2
      Kipp Philadelphia Charter School 1.4 mi Public 5-8 1 0
      Little Flower Catholic High School 1.4 mi Catholic 9-12 0 4
      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 3
      Al Aqsa Islamic Academy 1.6 mi Private K-12 0 0
      Bodine William W High School 1.8 mi Public 9-12 2 3
      Dobbins Avt High School 1.8 mi Public 9-12 0 4
      Mastery Charter School - Simon Gratz School 1.9 mi Public 7-12 1 0
      Youth Build Philadelphia Charter School 2.1 mi Public 12-12 0 4
      St Joseph's Preparatory School 2.4 mi Catholic 9-12 0 4
      Aspira Olney Charter High School 2.4 mi Public 9-12 0 4
      Mercy Carrier And Technical High School 2.5 mi Catholic 9-12 0 3
      Franklin Learning Center 2.6 mi Public 9-12 1 3
      Parkway-center City 2.7 mi Public 9-12 3 3
      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
      Franklin Benjamin High School 2.7 mi Public 9-12 0 0
      First Philadelphia Preparatory Charter School 2.8 mi Public K-12 1 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
      Folk Arts-cultural Treasures Cs 2.8 mi Public K-8 4 0
      Masterman Julia R Secondary School 2.8 mi Public 5-12 5 3
      City School At Fairmount 2.9 mi Private PRESCHOOL-5 0 5
      Franklin Towne Charter Elementary School 3.0 mi Public K-8 4 4
      Roman Catholic High School 3.0 mi Catholic 9-12 0 4
      Philadelphia High School For Girls 3.1 mi Public 9-12 5 4
      Widener Memorial School 3.1 mi Public K-12 0 0
      Frankford High School 3.1 mi Public 9-12 0 3
      Jw Hallahan Catholic Girls' High School 3.2 mi Catholic 9-12 0 0
      International Christian High School 3.2 mi Private 9-12 0 0
      Central High School 3.2 mi Public 9-12 5 4
      Mastery Charter High School - Lenfest Campus 3.3 mi Public 7-12 1 3
      Constitution High School 3.3 mi Public 9-12 1 4
      Samuel Fels High School 3.3 mi Public 9-12 0 3
      Friends Select School 3.3 mi Private PRESCHOOL-12 0 0
      Germantown Friends School 3.3 mi Private PRESCHOOL-12 0 0
      Russell Byers Charter School 3.4 mi Public K-8 1 0
      Maritime Academy Charter School 3.5 mi Public 1-8 1 4
      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 3
      Franklin Towne Charter High School 3.5 mi Public 9-12 5 4
      Science Leadership Academy 3.6 mi Public 9-12 3 4
      Mastery Charter School - Pickett Campus 3.6 mi Public 6-12 1 4
      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 4
      Imhotep Institute Charter High School 4.0 mi Public 9-12 0 4
      Independence Charter School 4.0 mi Public K-8 3 0
      Laura H Carnell School 4.0 mi Public K-5 0 0
      Academy At Palumbo 4.1 mi Public 9-12 5 4
      School Of The Future 4.1 mi Public 9-12 0 3
      Creative And Performing Arts 4.2 mi Public 9-12 2 3
      King Martin Luther High School 4.6 mi Public 9-12 0 3
      Parkway Northwest 4.6 mi Public 9-12 0 3
      Paul Robeson High School For Human Services 4.7 mi Public 9-12 1 4
      Parkway West 4.9 mi Public 9-12 1 4
      Saints John Neumann And Maria Goretti Catholic High School 4.9 mi Catholic 9-12 0 5
      West Philadelphia Catholic High School 5.0 mi Catholic 9-12 0 3
      Horace Howard Furness High School 5.0 mi Public 9-12 1 4
      Northeast High School 5.2 mi Public 9-12 1 3
      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 4
      Preparatory Charter School Of Math, Science, Technology And Careers 5.4 mi Public 9-12 1 3
      Universal Audenried Charter School 5.5 mi Public 9-12 1 0
      Bethel Baptist Academy 5.5 mi Private K-12 0 0
      Roxborough High School 5.7 mi Public 9-12 0 3
      Lincoln High School 5.7 mi Public 9-12 0 0
      Girard Academic Music Program 5.7 mi Public 5-12 5 4
      St. Hubert Catholic High School For Girls 5.7 mi Catholic 9-12 0 4
      Hill-freedman World Academy 5.7 mi Public 6-12 3 5
      Mastery Charter School - Thomas Campus 5.8 mi Public 7-12 2 4
      Walter Biddle Saul Agricultural High School 6.0 mi Public 9-12 1 4
      Boys Latin Of Philadelphia Cs 6.1 mi Public 9-12 1 4
      Tacony Academy Charter School 6.1 mi Public K-12 1 0
      Sayre William L Middle School 6.1 mi Public 9-12 0 2
      Hardy Williams - Mastery Charter School 6.2 mi Public 7-12 1 0
      Springside Chestnut Hill Academy - Upper School 6.2 mi Private 5-12 0 0
      Springside Chestnut Hill Academy - Lower School 6.2 mi Private PRESCHOOL-4 0 0
      New Foundations Charter School K-8 6.3 mi Public K-8 2 1
      Motivation High School 6.8 mi Public 9-12 0 3
      Father Judge High School 6.8 mi Catholic 9-12 0 3
      The Crefeld School 7.1 mi Private 7-12 0 0
      John Bartram High School 7.4 mi Public 9-12 0 2
      Lankenau High School 7.9 mi Public 9-12 1 3
      Penrose School 8.7 mi Public K-8 0 0
      Nazareth Academy High School 8.8 mi Catholic 9-12 0 4
      Swenson Arts & Technology High School 9.2 mi Public 9-12 1 3
      Washington George High School 9.6 mi Public 9-12 1 2
      Archbishop Ryan High School 9.8 mi Catholic 9-12 0 4
      Philadelphia Academy Charter School 9.9 mi Public K-8 3 0
      Arts Academy At Benjamin Rush 10.3 mi Public 9-12 3 4
      Mast Community Charter School 10.6 mi Public K-12 5 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.
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