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Foreclosure Homes in Philadelphia, PA

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Philadelphia, PA Foreclosures

How much do homes sell for in Philadelphia, PA?
The average home price is currently $303,838.
In Philadelphia, PA, how many homes are available?
There are currently 5,147 active home listings available in Philadelphia.
What’s the average rental cost in Philadelphia, PA?
The average rental price in Philadelphia is $1,353.
What is the most expensive home in Philadelphia?
The most expensive home sold in Philadelphia had a price of $247,900,544.
What is currently the cheapest priced home in Philadelphia, PA?
The cheapest home for sale in Philadelphia is priced at $10,169.

Living in Philadelphia, PA

Philadelphia, PA is a historic city with a vibrant cultural scene. Residents can enjoy diverse dining and ample recreational activities, along with strong educational institutions. The city's public transport system makes commuting easy and efficient.

Current Market Conditions in Philadelphia, PA

The real estate market in Philadelphia is currently experiencing a steady demand, driven by a growing population and an influx of young professionals seeking urban living. Though prices have seen a gradual increase, they remain lower compared to surrounding metropolitan areas, creating investment opportunities.

Recent trends indicate a shift towards the revitalization of neighborhoods that were previously considered undervalued. Investors are beginning to focus on these areas, allowing for affordable entry points into the market with high potential for appreciation.

Home Value Estimator For Philadelphia, PA

There are currently 509,251 real estate properties in Philadelphia, PA, with a median automated valuation model (AVM) price of $240,511.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Philadelphia, PA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Philadelphia, PA, is $303,838.00, with the most expensive house in Philadelphia, PA, topping out at $247,900,544.00 and the cheapest home in Philadelphia, PA, clocking in at $10,169.00. In other words, there’s something for every potential homebuyer or savvy investor in Philadelphia, PA!

Rent Prices In Philadelphia, PA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Philadelphia, PA, is on a rollercoaster ride. The average rent price in Philadelphia, PA, is $1,353.00. Indeed, when looking to rent in Philadelphia, PA, you can expect to pay as little as $490.00 or as much as $4,960.00, with the average rent median estimated to be $1,260.00. The good news is that finding an affordable and desirable property to rent in Philadelphia, PA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Philadelphia, PA Foreclosures


Market Trend for Philadelphia, PA

Total Listings Available: 5,147

Market Values:

Home Prices from $10,169 to $247,900,544

Average Sales Price: $303,838

Rental Values:

Rental from $490 to $4,960

Average Rent Value: $1,353 / month

Real Estate Expectations for Philadelphia, PA in Spring 2024

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