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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.

23,200

Jobs Created
.8%

$72,189

Median Household Income
2.0%

14,783

Total Housing Permits
6.5%

326

Total Number of Projects
-12.6%

$462,908

SFD New Home List Price
2.0%

0

New Home Sales
4.8%
Monthly

Market Health

Philadelphia s population is 6.1M, with a total workforce of 3.0M. The labor market grew by 23,200 jobs over the past year, up by 0.8%. The median household income in Philadelphia is $72,189, 2.0% higher than last year and 14.3% above the national average of $63,179.
In the housing market, total permits issued totaled 14,783 over the last twelve months, up 6.5% year-over-year. Philadelphia has 326 active new home projects on the market, 12.6% fewer than the 373 from last year. The average list price in the market is $462,908, 2.0% higher than last year and 33.8% above the national average. Over the last three months, new home contracts increased by 4.8% to 1,487. Middletown and Philadelphia 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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