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Philly Leader

Thursday, November 7, 2024

How did home valuation prices perform in Philadelphia County in August 2023, compared to August 2022?

Realestate077

In August 2023, the median sale price of a home in Philadelphia County rose by $3,000 from the same period in the previous year, while total sales decreased by 27.5%, according to BlockShopper.com.

Data shows that there were 1,399 homes sold in August 2023, with a median sale price of $208,000 - a 1.5% increase over the $205,000 median sale price for the same period of the previous year. There were 1,929 homes sold in Philadelphia County in August 2022.

For context, the median sales tax in Philadelphia County, based on the latest available data from 2023, was $1,777, which stands at 0.9% of August 2023's median home sale price.

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

August 2022September 2022October 2022November 2022December 2022January 2023February 2023March 2023April 2023May 2023June 2023July 2023August 2023$205,000$205,000$200,000$200,000$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

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