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Thursday, November 21, 2024

Falling home valuation prices in Philadelphia County in June 2023 compared to June 2022

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In June 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 19.2%, according to BlockShopper.com.

Data shows that there were 1,528 homes sold in June 2023, with a median sale price of $215,000 - a 2.3% decrease from the $220,000 median sale price for the same period of the previous year. There were 1,891 homes sold in Philadelphia County in June 2022.

For context, the median sales tax in Philadelphia County, based on the latest available data from 2023, was $1,777, which stands at 0.8% of June 2023's median home sale price.

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

June 2022July 2022August 2022September 2022October 2022November 2022December 2022January 2023February 2023March 2023April 2023May 2023June 2023$220,000$220,000$219,900$219,900$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

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