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Thursday, November 21, 2024

Home prices in Philadelphia County during October 2023 fell compared to the same period in 2022

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In October 2023, the median sale price of a home in Philadelphia County fell by $5,000 from the same period in the previous year, while total sales decreased by 14%, according to BlockShopper.com.

Data shows that there were 1,312 homes sold in October 2023, with a median sale price of $180,000 - a 2.7% decrease from the $185,000 median sale price for the same period of the previous year. There were 1,526 homes sold in Philadelphia County in October 2022.

For context, the median sales tax in Philadelphia County, based on the latest available data from 2023, was $1,777, which stands at 1% of October 2023's median home sale price.

The following histogram displays changes in median sales prices in Philadelphia County from October 2022 to October 2023.

October 2022November 2022December 2022January 2023February 2023March 2023April 2023May 2023June 2023July 2023August 2023September 2023October 2023$185,000$185,000$190,000$190,000$190,000$190,000$171,500$171,500$170,000$170,000$184,274$184,274$205,000$205,000$217,000$217,000$215,000$215,000$217,750$217,750$208,000$208,000$202,000$202,000$180,000$180,000

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