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Philadelphia Pennsylvania Housing Market Overview

Philadelphia’s real estate market presents a dynamic landscape for homeowners considering a sale. The current median home price stands at $255,000, reflecting a notable year-over-year increase of 21.5%, which underlines the growing demand for housing in the area. Properties typically spend about 48 days on the market, allowing sellers to plan their next steps effectively, with homes receiving an average of 2 offers. Furthermore, 22.7% of homes sell above list price, which demonstrates the competitive nature of the market. The current sale-to-list price ratio is 96.7%, showing that buyers are willing to invest in these properties. The local market offers advantages, with home values trending upward despite being 38% lower than the national average, creating opportunities for both buyers and sellers alike.

Why now is a good time to sell your property in Philadelphia Pennsylvania

Owner Advocate connects sellers with qualified buyers across all Philadelphia neighborhoods and surrounding counties. We understand the unique characteristics of local real estate, from Center City condos to Northeast Philadelphia single-family homes. Our offerings comprehensively cover single-family homes, multi-unit buildings, mixed-use properties, and row houses. We handle all aspects of Philadelphia real estate transactions, including local property tax considerations and building requirements. Whether your home needs updates or is move-in ready, our process adapts to your specific situation and location, fostering a seamless selling experience.

Experience a Better Way to Sell Your Philadelphia Home

Benefits of Owner Advocate

Benefits of Owner Advocate

With Philadelphia’s median home price at $255,000, eliminating agent fees alone saves you over $15,000. Our extensive network of buyers purchases properties in any condition throughout Philadelphia’s diverse neighborhoods—ranging from historic Chestnut Hill homes to Fishtown row houses—ensuring every homeowner has access to optimal selling opportunities.
The process includes first contacting us via a quick online form or phone consultation, followed by a professional assessment of your property, connecting with our network of buyers within 72 hours, and completing the sale in as few as 10 days. Owner Advocate provides a hassle-free experience with no hidden fees or commissions, no repair requirements, a flexible closing schedule, and all paperwork handled for you. From Brewerytown to Northeast Philadelphia, we’ve assisted numerous homeowners in skipping traditional selling delays and moving forward on their terms, ensuring a smoother transition for everyone involved.
$255,000
Median Sale Price
96.7%
List Price to Sale Price Ratio
48
Median Days on Market
$193
Price Per Square Foot
22.7%
Percent of Sales Over List Price
28.0%
Percent of Listings with Price Cuts
1,099
Number of Homes Sold (Month)
38%
National Price Comparison
3%
Cost of Living vs National
(Metrics from Redfin)
How does this data help me?
The Owner Advocate displays market data by showing market changes in locations across the USA
City Map
Philadelphia Key Takeaways
Median Sale Price:
$255,000
Scottsdale housing market is changing
$255,000
The average home value is $255,000 and goes to pending in around 48 days.
48
Average Days on Market
on average for MLS listed homes
Don't wait!
Now is a great time to sell your home.
Get the best cash offer for your property
Your home has more value than you might expect.

Why now is a good time to sell your property in Philadelphia Pennsylvania?

Life changes often require quick decisions about your home sale in Philadelphia. Whether facing foreclosure, inheritance, divorce, or relocation, a fast sale can provide immediate relief and peace of mind. With traditional sales taking over 48 days on average, many homeowners find themselves in need of a quicker solution. Common situations prompting a fast sale include inherited properties that may require costly and time-consuming repairs, job relocations demanding immediate moves, financial challenges, or the risk of foreclosure. Additionally, the burden of property taxes—set at a Philadelphia rate of 1.3998%—can intensify the urgency for sellers. Divorce settlements also frequently necessitate swift asset division. A quick sale helps prevent mounting costs while protecting your credit score during difficult times. Instead of enduring a 100-day traditional process, homeowners can close in just 10 days and move forward with renewed confidence.

Frequently Asked Questions About Selling Your Philadelphia Home

Q: How quickly can you close on my house in Philadelphia?

A: We typically close in 10 days, versus the traditional 68-day timeline. Our streamlined process handles all paperwork and adapts to your schedule.

Q: Do you buy homes in as-is condition?

A: Yes, our network purchases Philadelphia properties in any condition—no repairs needed. This includes homes with structural issues or code violations.

Q: Are there any fees or commissions?

A: No fees or commissions. We cover all closing costs, saving you the typical 9% in combined realtor fees and closing expenses.

Q: How does your home-buying process work?

A: Contact us, receive a home visit, get connected with qualified buyers within 72 hours, and close in 10 days if you accept. We handle all paperwork and Philadelphia-specific requirements.

Q: Which areas do you serve?

A: We connect sellers with buyers throughout Philadelphia County and surrounding areas, including all city neighborhoods and suburban locations.

Get Top Dollar for your Home

Ready for a quick, hassle-free home sale in Philadelphia? Owner Advocate offers a faster alternative to traditional 68-day listings. Get connected with qualified buyers within 72 hours and close in as few as 10 days.

Why Choose Us:
  • Cash offers within 72 hours
  • Close in 10 days
  • No repairs needed
  • Zero fees or commissions
  • All closing costs covered

We serve all Philadelphia neighborhoods and connect sellers with buyers for properties in any condition. Skip the stress of repairs, inspections, and realtor fees. Contact Owner Advocate today for your no-obligation consultation and experience the easiest way to sell your Philadelphia home.