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Philly Leader

Monday, December 23, 2024

Philadelphia County experienced increase in median home valuation prices in March 2024 compared to March 2023

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In March, the median sale price of a home in Philadelphia County rose by $10,726 from the same period in the previous year, while total sales decreased by 53.5%, according to BlockShopper.com.

Data shows that there were 644 homes sold in March, with a median sale price of $195,000 - a 5.8% increase over the $184,274 median sale price for the same period of the previous year. There were 1,386 homes sold in Philadelphia County in March 2023.

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 March's median home sale price.

The following histogram displays changes in median sales prices in Philadelphia County from March 2023 to March 2024.

March 2023April 2023May 2023June 2023July 2023August 2023September 2023October 2023November 2023December 2023January 2024February 2024March 2024$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$180,000$180,000$200,000$200,000$180,000$180,000$199,000$199,000$195,000$195,000

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