All Home Types
Philadelphia, PA Housing Market
What is the housing market like in Philadelphia today?
In August 2023, Philadelphia home prices were down 2.3% compared to last year, selling for a median price of $259K. On average, homes in Philadelphia sell after 48 days on the market compared to 37 days last year. There were 1,268 homes sold in August this year, down from 1,487 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$259,000
-2.3% YoY | Aug 2023
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Aug 2023
Growth
% YoY
Philadelphia, PA
$259,000
-2.3%
United States
Philadelphia Migration & Relocation Trends
In Jun '23 - Aug '23, 21% of Philadelphia homebuyers searched to move out of Philadelphia, while 79% looked to stay within the metropolitan area.
- Across the nation, 2% of homebuyers searched to move into Philadelphia from outside metros.
- New York homebuyers searched to move into Philadelphia more than any other metro followed by Washington and San Francisco.
Where are people moving to Philadelphia from?
- 79% of Philadelphia homebuyers searched to stay within the Philadelphia metropolitan area.
- Salisbury was the most popular destination among Philadelphia homebuyers followed by Miami and Orlando.
Where are people from Philadelphia moving to?
Number of People Moving to Philadelphia
least
most
People are moving to Philadelphia from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Jun '23 - Aug '23 | ||
| 1 | 4,602 | ||
| 2 | 393 | ||
| 3 | 183 | ||
| 4 | 151 | ||
| 5 | 38 | ||
| 6 | 21 | ||
| 7 | 17 | ||
| 8 | 15 | ||
| 9 | 13 | ||
| 10 | 10 | ||
People are leaving Philadelphia for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Jun '23 - Aug '23 | ||
| 1 | 1,506 | ||
| 2 | 834 | ||
| 3 | 476 | ||
| 4 | 415 | ||
| 5 | 352 | ||
| 6 | 302 | ||
| 7 | 278 | ||
| 8 | 267 | ||
| 9 | 173 | ||
| 10 | 171 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Philadelphia.
Risk Factor
Provided by First Street Foundation
Transportation in Philadelphia
Learn about the walkability, bikeability, and transit-friendliness of Philadelphia
Very Walkable
Walk Score®
Good Transit
Transit Score®
Bikeable
Bike Score®
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