Brokers — List your Company Here
Featured local agent — Philadelphia, PA
Sarah Mitchell
Compass Real Estate · Philadelphia, PA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Philadelphia, PA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$295,000median sale price
How is the Philadelphia, PA housing market right now?
The median home sale price in Philadelphia, PA is $295,000. Homes sell in an average of 47 days with 5,380 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Philadelphia a buyer's or seller's market?
Philadelphia, PA is currently a balanced market, based on 4.4 months of supply and homes selling in about 47 days. How we determine this →
Homes sold
1,211
Last 12 weeks
Days on market
47
Average pace
Active listings
5,380
4.4 months supply
Sale-to-list
98.6%
Below asking
What does the Philadelphia housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $295,000 |
| Median list price | $299,900 |
| Average days on market | 47 days |
| Active inventory | 5,380 listings |
| Months of supply | 4.4 months |
| Sale-to-list price ratio | 98.6% |
| Median price per sq ft | $227/sq ft |
| Homes sold (latest month) | 1,211 |
| New listings (latest month) | 2,084 |
| Listings with a price cut | 31.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Philadelphia by property type?
How the Philadelphia, PA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $455,000 | $250/sq ft | 80 | 35 days |
| Condo / Co-op | $325,000 | $335/sq ft | 131 | 72 days |
| Townhouse | $282,750 | $215/sq ft | 982 | 44 days |
Source: Redfin · Updated monthly
The Philadelphia housing market is currently classified as a balanced market with a median sale price of $295,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 47 days on market, indicating 4.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.9x provides context for how home values compare to local earning capacity.
Homes for sale in Philadelphia
There are currently 5,380 homes listed for sale in Philadelphia, Pennsylvania. The median listing price is $300K.
Active listings
5,380
Homes on market
Median list price
$300K
Avg. days on market
47
Days until sale
New this week
2,084
Newly listed
Who lives in Philadelphia?
Population
1,582,432
Median income
$60,698/yr
Median age
35.1 years
Owner-occupied
52.3%
College grads
34.6%
Avg commute
32 min
Source: U.S. Census Bureau ACS
What are homes worth in Philadelphia?
Zillow home value
$237,459
Zillow rent index
$1,814/mo
Price-to-rent ratio
10.9x
Price-to-income
3.9x
Source: Zillow Research
What is it like to live in Philadelphia?
Philadelphia is a community of approximately 1582K residents with a median age of 35.1 years.The median household income is $60,698, which represents a working-class community with solid middle-income opportunities. 34.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 52.3%, showing a blend of owner and renter-occupied properties. The average commute time is 32 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Philadelphia offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Philadelphia?
50 schools tracked · 65,824 students
The largest public schools serving Philadelphia, PA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Northeast HS
Grades 9-12 · 3,264 students
Philadelphia Performing Arts CS
Grades K-12 · 2,600 students
Central HS
Grades 9-12 · 2,287 students
Lincoln HS
Grades 9-12 · 2,201 students
MaST Community CS II
Grades K-12 · 1,895 students
Washington George HS
Grades 9-12 · 1,886 students
First Philadelphia Preparatory CS
Grades K-12 · 1,818 students
Northeast Community Propel Academy
Grades K-8 · 1,762 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Philadelphia, PA?
Want a head-to-head view? Compare Philadelphia side-by-side with any other U.S. city using our market-comparison tool.
Is Philadelphia a good real estate investment market?
For investors evaluating Philadelphia, the price-to-rent ratio of 10.9x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 0.0% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Philadelphia's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Philadelphia's median home price.
Frequently asked questions
What is the average home price in Philadelphia?
The median home sale price in Philadelphia is $295,000, down 0.0% from last year.
How long do homes stay on market in Philadelphia?
Homes typically spend 47 days on market before going under contract.
What is the median income in Philadelphia?
The median household income is $60,698 per year.
Is Philadelphia a buyer's or seller's market?
With 4.4 months of supply, Philadelphia is currently a balanced market.
What is the Zillow home value estimate for Philadelphia?
The Zillow Home Value Index (ZHVI) for Philadelphia is $237,459, representing the typical home value in the area.
What is the median condo price in Philadelphia?
The median condo/co-op sale price in Philadelphia, PA is $325,000, compared to $455,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Philadelphia?
The median single-family home price in Philadelphia, PA is $455,000 (about $250 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Philadelphia, PA
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Philadelphia market alerts
Weekly updates on prices, inventory, and trends. Free forever.