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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

Three Logan Square
1717 Arch Street, Suite 710
Philadelphia, PA 19103

37,600

Jobs Created
1.3%

$70,028

Median Household Income
6.1%

13,482

Total Housing Permits
3.7%

365

Total Number of Projects
-7.8%

$450,040

SFD New Home List Price
-2.8%

1,632

New Home Sales
8.9%
Monthly

Market Health

Philadelphia's population is 6.1M, with a total workforce of 2.9M. The labor market grew by 37,600 jobs over the past year, up by 1.3%. The median household income in Philadelphia is $70,028, 6.1% higher than last year and 14.1% above the national average of $61,372. In the housing market, total permits issued totaled 13,482 over the last twelve months, up 3.7% year-over-year.

Philadelphia has 365 active new home projects on the market, 7.8% fewer than the 396 from last year. The average list price in the market is $450,040, 2.8% lower than last year and 40.5% above the national average. Over the last three months, new home contracts increased by 8.9% to 1,632. Middletown and Philadelphia had the highest concentration of the new home contracts in the Philadelphia market.

Our Experts

Work with leaders in the industry.

Victor Furnells

Vice President Sales, East

Victor Furnells

Vice President Sales, East


Steve LaTerra

Managing Director

Steve LaTerra

Managing Director


Shaun McCutcheon

Senior Manager

Shaun McCutcheon

Senior Manager


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