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Tuesday, October 8, 2024

Philadelphia home prices rise in the first quarter of 2017

Realestate2

The median sale price of a home sold in the first quarter of 2017 in Philadelphia rose by $12,000 while total sales increased by 3.6%, according to BlockShopper.com.

From January through March of 2017, there were 5,458 homes sold, with a median sale price of $84,000 - a 16.7% increase over the $72,000 median sale price for the same period of the previous year. There were 5,269 homes sold in Philadelphia in the first quarter of 2016.

The median sales tax in Philadelphia for the most recent year with available data, 2016, was $1,222, approximately 1.5% of the median home sale price for the first quarter of 2017.

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