Philadelphia, PA Foreclosures
How much do homes sell for in Philadelphia, PA?
The average home price is currently $307,841.
In Philadelphia, PA, how many homes are available?
There are currently 62 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 $219,590,072.
What is currently the cheapest priced home in Philadelphia, PA?
The cheapest home for sale in Philadelphia is priced at $10,176.
Living in Philadelphia, PA
Philadelphia, known as the City of Brotherly Love, blends rich historical landmarks with a vibrant urban culture. Residents enjoy a diverse range of neighborhoods, offering unique dining, shopping, and entertainment options. With its robust transportation network, Philadelphia provides easy access to both local amenities and surrounding areas.
Current Market Conditions in Philadelphia, PA
The Philadelphia real estate market is currently experiencing a revitalization, with an increasing demand for homes in both city and suburban areas. Inventory remains low, leading to competitive bidding situations, particularly in prime neighborhoods. As urban living gains popularity, more buyers are looking for properties that offer a blend of accessibility, amenities, and space.
As remote work becomes more normalized, buyers are showing interest in larger homes that can accommodate home offices, which has sparked interest in suburbs just outside Philadelphia.
Home Value Estimator For Philadelphia, PA
There are currently 509,501 real estate properties
in Philadelphia, PA,
with a median automated valuation model (AVM) price
of $244,041.00. 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 $307,841.00, with the most expensive house
in Philadelphia, PA, topping out
at $219,590,072.00 and the cheapest home
in Philadelphia, PA,
clocking in at $10,176.00. 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.
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