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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.

32,900

Jobs Created
1.1%

$69,967

Median Household Income
2.0%

15,089

Total Housing Permits
13.2%

351

Total Number of Projects
-8.1%

$458,343

SFD New Home List Price
-2.2%

0

New Home Sales
-5.0%
Monthly

Market Health

Philadelphia s population is 6.1M, with a total workforce of 2.9M. The labor market grew by 32,900 jobs over the past year, up by 1.1%. The median household income in Philadelphia is $69,967, 2.0% higher than last year and 10.7% above the national average of $63,179.
In the housing market, total permits issued totaled 15,089 over the last twelve months, up 13.2% year-over-year. Philadelphia has 351 active new home projects on the market, 8.1% fewer than the 382 from last year. The average list price in the market is $458,343, 2.2% lower than last year and 53.1% above the national average. Over the last three months, new home contracts decreased by 5.0% to 1,498. Middletown and Downingtown had the highest concentration of the new home contracts in the Philadelphia market.

Our Experts

Work with leaders in the industry.

Shaun McCutcheon

Senior Manager

Shaun McCutcheon

Senior Manager


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