Philadelphia is an amazing place to live. The city is full of history, great parks, amazing restaurants, world-class museums and performing arts, and world-renowned universities and hospitals. Find out all out living here and search all of the Philadelphia homes for sale.
Philadelphia is known as a “City of Neighborhoods.” Each neighborhood has its own unique vibe and character. From Center City neighborhoods with high-rise condos, multi-million dollar homes, upscale shopping and fine dining to more affordable neighborhoods with eclectic local neighborhood shops and restaurants.
Whether you choose to live in the city or the Philadelphia suburbs, there’s something for everyone in Philadelphia.
The Philadelphia Real Estate Market
Philadelphia’s real estate market has been extremely competitive. The average sales price for homes in Philadelphia has ranged from just over $275,000 to about $300,000 in the last year.
Home values have been on the rise. And demand for homes has grown while new real estate listing have been limited. It’s a Seller’s Market right now with many homes getting multiple offers and selling for more than the asking price.
Below you’ll find all of the Philadelphia homes for sale. The most popular price range for homes in Philadelphia is from $200,000 to $299,000. Home prices in Philadelphia vary greatly by neighborhood with Center City and Chestnut Hill being the most expensive. In the fourth quarter of 2020, 70 Philadelphia homes sold for over $1,000,000.
Luxury Homes for Sale in Philadelphia
Philadelphia offers plenty of luxury homes. Most of these homes are located in Center City and Chestnut Hill. There are also many luxury homes in nearby suburbs, especially on the Main Line in Montgomery County. Below you’ll find all of the luxury homes listed for sale on the local Multiple Listing Service starting at $2,000,000.
New Construction Homes for Sale in Philadelphia
You’ll find new construction homes throughout Philadelphia. Many of the new construction homes, especially those in Center, offer garage parking and rooftop decks. Check out the latest new construction homes below.
Living in Philadelphia
Philadelphia is a great city with plenty of things to do both in the city and nearby. As one of the largest cities in the US you’ll find tons of great food, diverse neighborhoods, great museums, and world-class universities and hospitals.
Center City is great for it’s walkability and ease of getting around. South Philly offers easy access to Center City with a more residential feel. Neighborhoods like Fishtown and Northern Liberties are known for their hip vibes and eclectic local restaurants and shops. In northwest Philly you’ll find easy access to the trails of the Wissahickon Park and easy access to both Center City and the suburbs.
- Philadelphia is the 6th largest city in the country and 2nd largest on the East Coast.
- The third most populous downtown in the country.
- 95 miles from New York City.
There are a ton of different neighborhoods here in Philadelphia. Center City is what we call our downtown area. It’s an amazingly walkable part of the city filled with great restaurants, local parks, and plenty of things to do.
Northwest Philadelphia has some great neighborhoods that offer convenient access to the Center City but a bit more space for the price. Other areas include “The Northeast” and South Philly. Within all of these neighborhoods are smaller neighborhoods.
Center City Philadelphia offers an amazing urban lifestyle. The area has plenty of high-rise condos, new construction homes, and classic Philadelphia rowhouses that have been remodeled and modernized. You’ll find neighborhood farmer’s markets, local shops, world-class restaurants and more. And it’s all just steps away from home.
Bordering Center City you’ll find neighborhoods like Fairmount, Graduate Hospital, Queen Village, Northern Liberties, Fishtown, and Fairmount. All of these neighborhoods offer a more residential feel with fewer businesses and more homes. But, you’ll still find plenty of things to do including local parks and amazing local restaurants.
Just a few miles northwest of Center City you’ll find neighborhoods like East Falls, Manayunk, Roxborough, Mt. Airy, and Chestnut Hill. All of these neighborhoods offer convenience to both Center City and the nearby suburbs. Plus, they’re all adjacent to the 1800-acre Wissahickon Valley Park.
Things to Do in Philadelphia
As the 6th largest city in the US, you can always find something to do here. Whether it’s just walking through the city to tour the historic sites, going for a bike ride, dining out, visiting museums, or heading out to a park you’ll find plenty to do. Here’s a list of some local favorites . . .
- Visit Reading Terminal Market, considered to be among the best farmer’s markets in the country.
- Bike or walk along the banks of the Schuylkill River. This paved path takes you from Center City all the way out to Valley Forge.
- Check out some of the great museums and historic sites:
- The Philadelphia Museum of Art
- The Rodin Museum
- The Mutter Museum
- The African American Museum
- Elfreths’ Alley
- Independence Hall
- Eastern State Penitentiary
Fairmount Park is one of Philadelphia’s crown jewels. The park system is the largest urban park system in the world. You can stay in the city and spend a day hiking in the Wissahickon Valley Park or PennyPack Park. Getting outside is easy even in the city.
Do you want to get away for a day trip? It’s easy to get to the New Jersey shore to enjoy a day at the beach. You can also easily get to the Pocono Mountains where you’ll find hiking, fishing, skiing, and snowboarding.
You’ll find plenty of shopping throughout Philadelphia. One of the great things is that the city is filled with locally owned shops and boutiques. You’ll find plenty of luxury shopping in Old City and Rittenhouse Square in Center City. Fishtown and Northern Liberties are hubs for local shops. If you want the mall experience there’s a mall right in Center City or you can drive out to King of Prussia Mall, the third largest mall in the US.
If you want great restaurants you’ll love living in Philadelphia. Philadelphia is home to renowned restaurants by Jose Garces, Stephen Starr, Morimoto, Marcy Turney and Valerie Safran, Michael Salomonov, Marc Vetri, and more. If you prefer something a little more casual you’ll find plenty of great spots for cheesesteaks and pizza. The food scene has all the bases covered. Within each neighborhood you’ll find plenty of amazing local restaurants to suit every taste.
Philadelphia is home to world-class colleges and universities. Of course, we’re best known for The University of Pennsylvania. Other local colleges and universities include Temple University, Drexel University, Jefferson University, and Philadelphia Community College.
The School District of Philadelphia operates the cities public school system. The school district includes 326 schools including 86 charter schools and 25 alternative education schools. There are over 200,000 students enrolled in the district and over 4,000 in Advanced Placement.
Local Philadelphia Resources
Below you’ll find a list of Philadelphia resources to help you as you plan your move or consider buying a home here. These include links to popular city-operated websites, public safety information, school information, transportation systems, hospitals, and more.
Buying a House
It’s a seller’s market in Philadelphia. This is especially true in areas that offer the best walkability and neighborhood amenities like Center City and the northwest part of the city.
When buying a house its best to expect competing offers. Many homes are selling for more than the asking price so it’s best to look at homes that are slightly below the top of your comfortable price range.
Before you start looking at homes in-person, connect with an experienced Philadelphia Realtor and get a mortgage pre-approval letter from a local lender. Your Realtor and mortgage lender will help you narrow down neighborhoods, figure out your price range, and give you an estimate of how much to expect to pay in closing costs and other fees.
The more money you have available for a down payment the more competitive your offer will be. While 20% down is ideal, many home buyers purchase their homes with as little as 3.5% down. When you talk with a lender they will help you narrow down the best available options for you and your budget.
Would you like to connect with a Philadelphia Realtor® to discuss buying a home? Send me an email.
Selling a House
Most homeowners have a lot of questions when it’s time to sell their home . . . Is it a good time to sell? How much will the house sell for? Does the home need staging? What repairs should be made before listing the house for sale? Should you sell first or buy your next home first?
For most home sellers it’s best to start with packing up the things that you’ll take with you and discarding things you no longer need. This helps de-clutter the home to make the space look as large as possible. Getting the house organized also helps the listing photos look their best.
Your real estate agent can create a specific plan for getting your home ready for the market. Each home is different and each seller’s situation is unique. If you’d like to discuss selling your home, send me an email.
Realtors® in Philadelphia
Jon Miller is a Philadelphia Realtor® with Compass Pennsylvania. Offices are located in Center City, Chestnut Hill, and Ardmore. Jon works with a network of local real estate agents to help home buyers and sellers in Philadelphia and surrounding counties.
If you’re searching for more information please visit our blog where you can find information about living here in Philadelphia, choosing a neighborhood, and buying and selling a home.