Real Estate Statistics
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Philadelphia Real Estate Information
The Philadelphia real estate market is robust, offering beautiful homes at all price ranges.
The average cost for a home in Philadelphia is just north of $300,000 which makes this an affordable major city to live in. Of course, there are more affordable options and property types in the area, as well as impressive million dollar estates.
The homes for sale in Philadelphia offer something for everyone. Because the city itself is so old, there are many charming historic neighborhoods with beautiful stone and brick built historic rowhouses. These are narrow homes on quaint streets, with layouts that are often two and four stories.
These rowhouses continued to be built hundreds of years later, but with a few distinctions. The charm and look remains, but offers households the enjoyment of having a front and backyard, patio, and bay windows.
Historic or newly constructed, there are single family homes here to settle into, as well as condos and high rise buildings. The different neighborhoods, property types, and price points, allow for flexibility when buying a home, no matter what your budget. Amazingly, a four bedroom, brick built single family home with an attached garage and over 2500 square feet of space can be found listed for less than half a million dollars in Philadelphia.
There are also so many luxury homes for sale in Philadelphia. Many properties listed here are listed well over one million dollars, with 10, 15, and even 25 million dollars being the highest. These are eight bedroom estates and massive luxury high rise apartments, offering world-class amenities, scenic views, and hotel like services. In a city as eclectic and metropolitan as Philadelphia, these are some of the nicest homes you’ll find anywhere in the country.
Interested in learning more about Philadelphia real estate? Contact us online or call 215-698-2000 for more information about buying and selling a home in Philadelphia and other communities in the Pennsylvania area.
Explore the Area of Philadelphia, Pennsylvania
Philadelphia, or Philly, might be known for cheesesteaks and Liberty Bells, but it’s so much more than that too.
With more than 1.5 million residents, Philadelphia is the largest city in Pennsylvania, and the sixth most populous in the United States. It’s also a massive cultural and economic center, providing an abundance of entertainment options and opportunities for career growth. It also happens to be one of the oldest municipalities in the country.
Philadelphia has a rich and storied history that dates back to the time it was the nation's capital and country's largest city. The neighborhoods here in Philadelphia reflect that history, and celebrate that culture through the arts, the architecture, and the people that live here. The very first school, hospital, library, and many more institutions were first up and running right here in Philadelphia.
Philadelphia is a city that covers over 140 square miles, most of which is developed land. There are several parks throughout every neighborhood here, as well as gorgeous bodies of water, like the Delaware River or the Schuylkill River where riding the rapids are a popular activity. There are many lakes as well, like the multiple ones found in Franklin Delano Roosevelt National Park.
Pennsylvania is a state made up of counties, and Philadelphia is its own county seat. Two other major counties in the area include Bucks County and Montgomery County, both located to the north of the city.
There are seven large sections that make up Philadelphia, consisting of unique neighborhoods based on geography and residential development. These areas are North, Northeast, South, Southwest, West, and Northwest Philadelphia. These six parts of the city surround Center City, the seventh and most populated community.
There is so much opportunity for the residents of Philadelphia, which is why it’s so popular among all types of households. Tech, biotech, trade, and many more industries have seen a boom in Philadelphia the past decade, with several Fortune 500 companies basing their headquarters here. Families also appreciate the high quality schools in the city, with hundreds of public schools and more than 80 post secondary institutions.
To stay up-to-date on all the latest Philadelphia real estate listings, sign up with REMAX 2000 now. We also list Bucks County, Montgomery County, New Jersey, and many more neighborhood homes for sale.
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