The Philadelphia housing market is somewhat competitive. Homes in Philadelphia receive 2 offers on average and sell in around 50 days. The median sale price of a home in Philadelphia was $255K last month, up .0% since last year. The median sale price per square foot in Philadelphia is $201, up 2.6% since last year.
What is the housing market like in Philadelphia today?
In March 2024, Philadelphia home prices were up .0% compared to last year, selling for a median price of $255K. On average, homes in Philadelphia sell after 50 days on the market compared to 57 days last year. There were 1,149 homes sold in March this year, down from 1,306 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$255,000
0.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Philadelphia, PA
$255,000
0.0%
United States
To compare other locations to the Philadelphia and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Philadelphia's median sale price is 39% lower than the national average. Overall cost of living in Philadelphia is 2% higher than the national average. Learn which home features in Philadelphia add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Philadelphia housing market?
Philadelphia is somewhat competitive. Homes sell in 51 days.
0
100
45
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 51 days.
Hot homes
can sell for around list price and go pending in around 20 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Philadelphia
Explore recent offers and recently sold homes in Philadelphia
Recent offers
View houses in Philadelphia that sold recently
Recently sold homes
SOLD APR 24, 2024
$159,000 Last Sold Price
0 beds
1 bath
600 sq ft
604-36 S Washington Sq #1204, Philadelphia, PA 19106
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
10/10
Central Elementary School
Public • PreK-5
419
Students
2 reviews
10/10
Strawbridge Elementary School
Public • K-5
196
Students
2 reviews
10/10
J. Fithian Tatem Elementary School
Public • PreK-5
422
Students
5 reviews
9/10
Greenberg Joseph School
Public • K-8
810
Students
24 reviews
9/10
Thomas A. Edison Elementary School
Public • PreK-5
152
Students
8 reviews
Only showing 5 of
100+ elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Philadelphia housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Philadelphia.
Risk Factor
Flood Factor - Major
32% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Philadelphia has a major risk of flooding. 112,763 properties in Philadelphia are likely to be
severely affected
by flooding over the next 30 years. This represents 32% of all properties in Philadelphia. Flood risk is increasing slower than the national average.
3% of properties are at risk of wildfire over the next 30 years
Fire Factor
Philadelphia has a moderate risk of wildfire. There are 18,190 properties in Philadelphia that have some risk of being affected by wildfire over the next 30 years. This represents 3% of all properties in Philadelphia.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Philadelphia has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Philadelphia is most at risk from hurricanes. 547,254 properties in Philadelphia have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 100 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 113 mph.