Reasons to Move to Philadelphia County, PA
Prospective homebuyers are clearly taking advantage of the current interest rates and numerous government assistance programs. These interest rates mean homebuyers in Philadelphia County can now afford much more house for the same monthly payment compared to when rates are higher. Motivated and opportunistic sellers in Philadelphia County can field multiple offers from more qualified buyers, making it a dynamic market for both buyers and sellers.
What type of property to buy in Philadelphia County,
Our extensive database in Philadelphia County includes 52 preforeclosures, foreclosure auction properties, bankruptcies, REOs (real estate owned by lenders), and properties from HUD, VA, Fannie Mae, and other government agencies in Philadelphia County. We also feature listings from over 100 corporate sellers. Our information is updated daily, sourced directly from these entities, ensuring you receive the freshest and most accurate data. This meticulously compiled and organized collection makes your search as straightforward as possible. Only www.foreclosure.com offers this unparalleled, trustworthy resource, backed by our commitment to providing expert, authoritative, and up-to-date information. Visit our FAQ section to read more about the different listing types and how to purchase them.
Pros and Cons of Living in Philadelphia County, PA
How do you know that living in—or moving to— Philadelphia County is the right choice for you? Perhaps you grew up in Philadelphia County or already live nearby, making the decision to buy a home here a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Philadelphia County for work or just looking for a fresh start, understanding the neighborhood from afar (online) can be challenging and exhausting.
Here are some expert tips to consider when shopping for foreclosed homes for sale in Philadelphia County:
- Neighborhood Environment: Do you prefer a suburban, urban, or rural setting?
- Shopping and Dining: What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local), and businesses (small, big, mixed) would you like nearby?
- Leisure Activities: What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
- Commute: What type of commute (car, plane, home office) suits your lifestyle?
Creating a "Pros vs. Cons" list of what you need in a home and neighborhood is always a helpful step in making an informed decision. With expert insights and up-to-date market data from foreclosure.com, you can confidently explore the opportunities in Philadelphia County, .
Philadelphia, PA Foreclosures
How much do homes sell for in Philadelphia, PA?
The average home price is currently $347,834.
In Philadelphia, PA, how many homes are available?
There are currently 52 active home listings available in Philadelphia.
What’s the average rental cost in Philadelphia, PA?
The average rental price in Philadelphia is $1,354.
What is the most expensive home in Philadelphia?
The most expensive home sold in Philadelphia had a price of $235,337,072.
What is currently the cheapest priced home in Philadelphia, PA?
The cheapest home for sale in Philadelphia is priced at $10,006.
Living in Philadelphia, PA
Philadelphia, known as the City of Brotherly Love, is a vibrant metropolis with a rich historical background and a diverse culture. Home to significant landmarks such as the Liberty Bell and Independence Hall, this city offers a blend of modern life and history. Philadelphia's robust food scene, thriving arts community, and extensive public transportation make it an appealing place to live for families, young professionals, and students alike.
Current Market Conditions in Philadelphia, PA
Philadelphia's real estate market currently boasts a healthy mix of properties, from historic homes to modern apartments. The demand for housing in the city has remained strong, particularly in neighborhoods that appeal to young professionals and families. The overall market is competitive, with new developments emerging to meet the rising demand, especially in urban areas close to transit options.
In recent months, there has been an increasing trend in the rental market, especially as graduates from local universities seek affordable housing options. Home prices have seen a modest rise, but still remain within reach for many first-time buyers.
Home Value Estimator For Philadelphia, PA
There are currently 534,431 real estate properties
in Philadelphia, PA,
with a median automated valuation model (AVM) price
of $243,720.00. 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 $347,834.00, with the most expensive house
in Philadelphia, PA, topping out
at $235,337,072.00 and the cheapest home
in Philadelphia, PA,
clocking in at $10,006.00. 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 $1,354.00. 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.
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