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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

31,200

Jobs Created
1.1%

$70,934

Median Household Income
3.4%

13,880

Total Housing Permits
5.2%

352

Total Number of Projects
-10.9%

$429,490

SFD New Home List Price
-7.3%

1,428

New Home Sales
-6.9%
Monthly

Market Health

Philadelphia s population is 6.1M, with a total workforce of 2.9M. The labor market grew by 31,200 jobs over the past year, up by 1.1%. The median household income in Philadelphia is $70,934, 3.4% higher than last year and 15.6% above the national average of $61,372. In the housing market, total permits issued totaled 13,880 over the last twelve months, up 5.2% year-over-year. Philadelphia has 352 active new home projects on the market, 10.9% fewer than the 395 from last year. The average list price in the market is $429,490, 7.3% lower than last year and 41.9% above the national average. Over the last three months, new home contracts decreased by 6.9% to 1,428. Middletown and Philadelphia 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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