Welcome to this overview of Philadelphia, a city in Pennsylvania with an interesting real estate market. In this text, we’ll provide you with insights on the city’s housing market, home values, crime rates, and other neighborhood resources. Whether you’re a property investor, realtor, manager, or simply interested in learning more about Philadelphia’s real estate landscape, read on to discover valuable information and resources.
OVERVIEW
Philadelphia is a city in Pennsylvania and consists of 149 neighborhoods. There are 7,733 homes for sale, ranging from $4.5K to $25M.
- Median listing home price: $254K
- Median listing home price/Sq ft: $197
- Median sold home price: $235K
REAL ESTATE MARKET IN PHILADELPHIA
Philadelphia, PA Housing Market
The housing market in Philadelphia exhibits moderate competitiveness. On average, homes in the city attract three offers and are sold within approximately 52 days. The median sale price of homes in Philadelphia stood at $235,000 last month, marking a 3.0% decrease compared to the previous year. Meanwhile, the median sale price per square foot has risen to $190, showing a 7.6% increase from the previous year. Read more.
Philadelphia Housing Market Trends and Forecast for 2024
Delve into the Philadelphia housing market forecast for 2024. With an overview of market metrics, including pricing dynamics, inventory, and sales performance, explore opportunities and considerations for real estate investors and buyers in the vibrant Philadelphia landscape. Don’t miss out on the trends of the Philadelphia housing market.
Philadelphia Home Values
Check out Zillow’s report about Philadelphia home values.
INTERESTING STORIES
Reclaimed Land: Philadelphia’s Urban Agriculture Movement
A look at the past, present, and future of Philadelphia’s community gardens. Read more.
FarmerJawn: Educating Philly’s Urban Farmers
FarmerJawn Agriculture is an urban farming operation based in Philadelphia, focused on decreasing food insecurity by increasing organic foodways for Black and Brown communities. Learn more about it here.
NEIGHBORHOOD RESOURCES
Philadelphia Crime Map
Philadelphia exhibits a high crime rate compared to national and state averages. With a likelihood of one in 19 of being a victim, it ranks among the top 100 most dangerous cities in the U.S. Violent crimes, including murder and assault, contribute significantly to its elevated crime statistics. Read more.
Top Real Estate Agents
Looking for a real estate agent? Here are the 10 Top Real Estate Agents in Philadelphia by sales transactions.
PHILADELPHIA HELPFUL REAL ESTATE ECONOMIC DEVELOPMENT RESOURCES
Community Development And Urban Renewal Associations
- Division of Housing and Community Development.
- Philadelphia Association of Community Development Corporations (PACDC).
Community Development Support
- Lowe North Philadelphia Community Development Corporation.
- New Kensington Community Development Corporation (NKCDC).
- Local Initiatives Support Corporation (LISC) Philadelphia.
Small Business, Leadership, And Community Engagement
Community Support
- Pennsylvania Community Support Program (CSP).
- Partnership for Community Supports.
- Philadelphia Foundation.
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Community Outreach
DAWGS philanthropy efforts have touched many lives:
- Helping Veterans realize a brighter, better future
- Giving a homeless family hope and a newly furnished home
- Providing opportunities for inner city teenage girls to live happier and healthier lifestyles
- Rescuing dogs that have been abandoned
- Providing employment opportunities for individuals with developmental disabilities
Learn more here.