As Philly’s 2017 real estate market gets underway, we thought it would be helpful to see how home prices are stacking up in more than a dozen neighborhoods throughout the city.
Real estate research site NeighborhoodX put all the data together, measuring the average neighborhood home prices by price per square foot. These numbers are based on currently listed, market rate properties.
The overall price range for properties located in these 19 neighborhoods is $71 to a whopping $3,100 per square feet. (The latter goes to the most expensive home for sale in the city, this 5,300-square-foot Society Hill mansion that’s on the market for $16,795,000.)
Not surprisingly, Center City neighborhoods have the most expensive homes for sale, based solely on price per square foot. “At the upper end of the range are the most expensive properties in Society Hill, Rittenhouse Square, and Washington Square West,” says NeighborhoodX founder Constantine Valhouli.
Meanwhile, you can still find a good deal in Kensington, despite its increasing popularity, as well as Grays Ferry and Brewerytown.
- Philadelphia consolidated price ranges (February 2017) [NeighborhoodX]