New - 5 hours on Rocket
$1,544 Closing Credit¹
AJ Simms, Listing Office: Keller Williams Real Estate Tri-County
West Philadelphia Housing Market Report December 2024•Philadelphia County, Pennsylvania
Housing Prices in West Philadelphia, PA
How much do homes in West Philadelphia, PA cost?
Housing Market Conditions
Is West Philadelphia, PA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
West Philadelphia is a Buyer's Market
Difference Since December 2023
At the same time last year, West Philadelphia was a Seller's Market.
Insight
West Philadelphia is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$183,428$135/SqFt
+$3,466
+1.9%
Based on all homes sold in the last 12 months
Insight
Homes in West Philadelphia have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in West Philadelphia was $183,428 in December 2024, up 1.9% from last year, and the median price per square foot was $135.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Cobbs Creek | $155K | $170K | +9.7% |
| Carroll Park | $118.5K | $129K | +8.9% |
| West Philadelphia | $179.9K | $183.4K | +1.9% |
| Haddington | $119.9K | $120K | 0.1% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $150K | $145K | -3.3% |
| 22 Bedrooms | $140K | $120K | -14.3% |
| 33 Bedrooms | $164.9K | $165K | 0.0% |
| 44 Bedrooms | $235K | $235K | 0.0% |
| 55+ Bedrooms | $405K | $392.5K | -3.1% |
Summary: West Philadelphia housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -3.3%. The home price for 2 bedroom homes decreased by -14.3%. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes decreased by -3.1%.
Housing supply in West Philadelphia, PA
How many homes are available in West Philadelphia, PA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 633Last MonthDec 2024 | ||
| 6192 months agoNov 2024 | +2.3 % Change MoMNov – Dec |
Summary: The West Philadelphia real estate market had 633 homes for sale in Dec 2024, a 2.3 % increase compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 84Last MonthDec 2024 | ||
| 972 months agoNov 2024 | -13.4 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 10 | 11 | +10.0% |
| 22 Bedrooms | 49 | 48 | -2.0% |
| 33 Bedrooms | 354 | 364 | +2.8% |
| 44 Bedrooms | 139 | 141 | +1.4% |
| 55+ Bedrooms | 67 | 69 | +3.0% |
Summary: West Philadelphia housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +10.0%. The inventory for 2 bedroom homes decreased by -2.0%. The inventory for 3 bedroom homes increased by +2.8%. The inventory for 4 bedroom homes increased by +1.4%. The inventory for 5 bedroom homes increased by +3.0%.
Asking Price vs. Sold Price
How much do homes in West Philadelphia, PA cost?
Over Asking Price15 Homes
At Asking Price21 Homes
Under Asking Price48 Homes
Insight
If you're buying a home in West Philadelphia, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 84 homes were sold or pending in West Philadelphia in December 2024, down by 13.4% month-over-month. Of the 84 sold homes, 57% were sold under asking, 25% were sold at asking, and and 18% were sold over asking.
Days on Market for West Philadelphia, PA
How long does it take to sell a home in West Philadelphia, PA?
Breakdown of Home Sale Times
Under 30 Days40 Homes
30 – 90 Days32 Homes
Over 90 Days12 Homes
Insight
Many homes in West Philadelphia are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 84 homes were sold in West Philadelphia; 48% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 51 DaysThis YearDec 2024 | ||
| 52 Days1 year agoDec 2023 | -0.6 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in West Philadelphia had an average listing age of 51 days in Dec 2024, down by 0.6% compared to the previous year.
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Newest Listings in West Philadelphia, PA
What homes are available in West Philadelphia, PA?
Coming soon
$2,719 Closing Credit¹
Bei Ou, Listing Office: Realty Mark Associates
Coming soon
$2,375 Closing Credit¹
Gina Cavallaro Cora, Listing Office: EXP Realty, LLC
Coming soon
Maria Maria Quattrone Quattrone, Listing Office: RE/MAX @ HOME
Coming soon
Ryan J McManus, Listing Office: Keller Williams Liberty Place
Coming soon
$10,000 Closing Credit¹
Alex Lam, Listing Office: EXIT Elevate Realty
Coming soon
$1,473 Closing Credit¹
Jeanne A Whipple, Listing Office: Elfant Wissahickon Realtors
New - 2 days on Rocket
$2,969 Closing Credit¹
Samantha Robinson, Listing Office: Long & Foster Real Estate, Inc.
New - 2 days on Rocket
$2,838 Closing Credit¹
Michael P Cohen, Listing Office: KW Empower
New - 2 days on Rocket
$3,669 Closing Credit¹
Russell Frederick Jr., Listing Office: Springer Realty Group
Coming soon
$1,174 Closing Credit¹
Cherie L Jones, Listing Office: Believe Realty Group
New - 2 days on Rocket
Ara J Cheftalian, Listing Office: Urban Realty Corporation
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MLS Disclaimers and Copyright
Based on information from BrightMLS, for the period 01/01/2023 - 01/01/2025
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/21/2025, 5:16:38 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.