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Saturday, December 21, 2024

What happened to the median home valuation price in Philadelphia County in April 2024 compared to April 2023?

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Adobe Stock

In April, the median sale price of a home in Philadelphia County fell by $98,333 from the same period in the previous year, while total sales decreased by 99.7%, according to BlockShopper.com.

Data shows that there were four homes sold in April, with a median sale price of $106,667 - a 48% decrease from the $205,000 median sale price for the same period of the previous year. There were 1,230 homes sold in Philadelphia County in April 2023.

For context, the median sales tax in Philadelphia County, based on the latest available data from 2023, was $1,777, which stands at 1.7% of April's median home sale price.

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

April 2023May 2023June 2023July 2023August 2023September 2023October 2023November 2023December 2023January 2024February 2024March 2024April 2024$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$106,667$106,667

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