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Philadelphia

We’ve got cheesesteaks, Rocky, and the Liberty Bell, along with sports fans and unique neighborhoods in the City of Brotherly Love.

Office Location

Bloomberg, 120 Park Avenue, New York, NY, USA, 40.7520028, -73.97842200000002, , ,

23,500

Jobs Created
.8%

$70,984

Median Household Income
3.5%

13,614

Total Housing Permits
2.4%

354

Total Number of Projects
-9.2%

$486,591

SFD New Home List Price
6.3%

0

New Home Sales
-16.7%
Monthly

Market Health

Philadelphia s population is 6.1M, with a total workforce of 2.9M. The labor market grew by 23,500 jobs over the past year, up by 0.8%. The median household income in Philadelphia is $70,984, 3.5% higher than last year and 15.7% above the national average of $61,372.
In the housing market, total permits issued totaled 13,614 over the last twelve months, up 2.4% year-over-year. Philadelphia has 354 active new home projects on the market, 9.2% fewer than the 390 from last year. The average list price in the market is $486,591, 6.3% higher than last year and 55.6% above the national average. Over the last three months, new home contracts decreased by 16.7% to 1,461. Philadelphia and Middletown had the highest concentration of the new home contracts in the Philadelphia market.

Our Experts

Work with leaders in the industry.

Steve LaTerra

Managing Director

Steve LaTerra

Managing Director


Shaun McCutcheon

Senior Manager

Shaun McCutcheon

Senior Manager


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