In February, the median sale price of a home in Philadelphia County fell by $9,000 from the same period in the previous year, while total sales decreased by 99.6%, according to BlockShopper.com.
There were four homes sold in February, with a median sale price of $190,000 — a 4.5% decrease from the $199,000 median sale price during the same period of the previous year. In comparison, 1,002 homes were sold in Philadelphia County in February 2024.
Based on the latest available data from 2023, the median sales tax in Philadelphia County was $1,777, which stands at 0.9% of February’s median home sale price.
The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.
“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.
The following histogram displays changes in median sales prices in Philadelphia County from February 2024 to February 2025.
