Local home value data · Philadelphia, PA
What's my home worth in Philadelphia, PA?
Philadelphia remains one of the more affordable big cities on the East Coast, and prices there are still climbing at a healthy clip.
Is Philadelphia a buyer's or seller's market?
Roughly balanced. Redfin rates Philadelphia 53/100 (somewhat competitive), based on how quickly homes sell, how often they get multiple offers, and how close they sell to list price.
What this means if you're selling in Philadelphia
A median sale price of $295,000, up 5.7% year-over-year, shows steady appreciation from a relatively low base. Homes took about 50 days to sell, slightly longer than the 46 days last year, with about two offers on average and a Compete Score of 53, so the market is moderately competitive and rewards realistic pricing.
How Philadelphia compares
Philadelphia's median sale price sits 27% below the U.S. median.
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Is Philadelphia a buyer's or seller's market right now?
Moderately competitive, with a lean toward sellers on price. The median sale price is $295,000, up 5.7% year-over-year, while homes take about 50 days to sell versus 46 last year. Listings average about two offers and the Compete Score is 53 out of 100.
How affordable is Philadelphia compared with other big cities?
At a median sale price of $295,000, Philadelphia is well below markets such as New York ($899,000) and Washington, DC ($684,000), though prices have risen 5.7% in the last year.
How accurate is the Philadelphia median for my neighborhood?
The $295,000 median covers all of Philadelphia, and values can differ sharply between neighborhoods, blocks and home types. Prices vary widely between neighborhoods such as Rittenhouse, Fishtown and Northeast Philadelphia. Treat it as a market-wide reference point, not a price for your property. For an estimate based on your specific address, request a free home value report, which is reviewed by a local agent.
Home values in nearby markets
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Market data (median sale price, year-over-year change, days on market, and buyer competition) sourced from Redfin, trailing 3-month data as of August 2026. Figures are approximate, change frequently, and are not a substitute for a formal appraisal or a local agent's comparative market analysis. Read more about how home value estimates work.