$2,957 Closing Credit*
$249,000
1,152 SqFt
2 Beds
•2 Full Baths
Listing Office: Matlock Properties
Is Philadelphia, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Philadelphia has remained a Seller's Market.
Key Takeaway
Philadelphia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Philadelphia, TN
How much do homes in Philadelphia, TN cost?
Median Sold Price
$247,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,000(+0.8%)
Key Takeaway
Homes in Philadelphia have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Philadelphia was $247,000 in November 2024, up 0.8% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $368K | - | N/A |
| 2 Bedrooms | $109K | $159K | +45.9% |
| 3 Bedrooms | $245K | $259.5K | +5.9% |
| 4 Bedrooms | $295K | $343.7K | +16.5% |
| 5+ Bedrooms | $225K | $379K | +68.4% |
Summary: Philadelphia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 45.9%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 68.4%.
Housing Supply in Philadelphia, TN
How many homes are available in Philadelphia, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The Philadelphia real estate market had 10 homes for sale in November 2024, a 9.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Philadelphia housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Philadelphia, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Philadelphia in November 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Philadelphia, TN
How long does it take to sell a home in Philadelphia, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 134 Days | +1118.2% |
Summary: Homes in Philadelphia had an average of 134 days on market in Nov 2024, up by 1118.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Philadelphia are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 3 homes were sold in Philadelphia; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.