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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.

12,900

Jobs Created
.4%

$72,227

Median Household Income
2.1%

14,537

Total Housing Permits
4.2%

338

Total Number of Projects
-9.4%

$476,199

SFD New Home List Price
7.6%

0

New Home Sales
-17.8%
Monthly

Market Health

Philadelphia s population is 6.1M, with a total workforce of 3.0M. The labor market grew by 12,900 jobs over the past year, up by 0.4%. The median household income in Philadelphia is $72,227, 2.1% higher than last year and 14.3% above the national average of $63,179.
In the housing market, total permits issued totaled 14,537 over the last twelve months, up 4.2% year-over-year. Philadelphia has 338 active new home projects on the market, 9.4% fewer than the 373 from last year. The average list price in the market is $476,199, 7.6% higher than last year and 48.2% above the national average. Over the last three months, new home contracts decreased by 17.8% to 1,331. 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

Vice President, Advisory

Shaun McCutcheon

Vice President, Advisory

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