Philadelphia, PA Foreclosures
How much do homes sell for in Philadelphia, PA?
The average home price is currently $307,158.
In Philadelphia, PA, how many homes are available?
There are currently 118 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 $223,239,744.
What is currently the cheapest priced home in Philadelphia, PA?
The cheapest home for sale in Philadelphia is priced at $10,048.
Living in Philadelphia, PA
Philadelphia, often called Philly, is the largest city in Pennsylvania and known for its rich history. It boasts a vibrant cultural scene, with numerous museums, theaters, and restaurants. The city is also home to iconic landmarks such as the Liberty Bell and the Philadelphia Museum of Art, making it a great destination for history buffs and art lovers alike.
Current Market Conditions in Philadelphia, PA
The Philadelphia real estate market shows signs of steady growth, with a notable increase in home values over the past few years. The demand for homes has remained strong, driven by a diverse job market and an influx of new residents seeking urban living. Neighborhoods such as Fishtown, South Philadelphia, and West Philadelphia have gained popularity, resulting in higher property prices, especially in areas with strong community vibes and easy access to public transport and amenities.
Renting remains a viable option due to the large student population and young professionals drawn to the city. However, the supply of rental units has tightened, and prices have risen, making it essential for potential renters to act quickly.
Home Value Estimator For Philadelphia, PA
There are currently 509,803 real estate properties
in Philadelphia, PA,
with a median automated valuation model (AVM) price
of $241,326.00. 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 $307,158.00, with the most expensive house
in Philadelphia, PA, topping out
at $223,239,744.00 and the cheapest home
in Philadelphia, PA,
clocking in at $10,048.00. 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.
Learn more on Foreclosure homes
