New Construction
New construction is concentrated in Old City and the Washington Avenue corridor, with loft conversions and new mixed-use development, plus suburban growth in Bucks County.
Philadelphia, Pennsylvania · New Homes
New homes in Philadelphia.
Philadelphia real estate reflects American history, with Center City offering walkable urban living and strong neighborhood character, while the suburbs provide family-oriented communities with good schools.
New construction is concentrated in Old City and the Washington Avenue corridor, with loft conversions and new mixed-use development, plus suburban growth in Bucks County.
At a glance
Philadelphia market snapshot
Median Home Price
$450,000
Median Rent
$1,600
Market Trend
Stable
Cost of Living Index
118
Why Philadelphia
What makes Philadelphia different
Why People Move Here
Healthcare and financial services and historical significance and educational institutions and cultural attractions
Schools
School districts vary significantly with excellent suburban options in Merion and Radnor while city schools undergo improvement initiatives.
Top Neighborhoods
Center City, Old City, Rittenhouse, University City, Overbrook, and Merion
Major Employers
Healthcare and financial services and Comcast and University of Pennsylvania and Temple University and educational institutions
Who's building
Top builders active in Philadelphia
Reach Philadelphia buyers
Builders: feature your communities in front of Philadelphia buyers — learn about advertising ↗
Want to own this market? Ask about our Philadelphia domains — see available domains ↗
Common questions
Philadelphia FAQ
Is Philadelphia a good place to buy a home?
Philadelphia offers historical character and educational institutions and healthcare employment, though school variations require careful neighborhood selection.
What is the median home price in Philadelphia?
The median home price in Philadelphia is approximately $450,000 with Center City at premium prices and suburbs at moderate levels.
Which Philadelphia neighborhoods have the most new construction?
Old City and Washington Avenue corridor lead with loft conversions while Bucks County suburbs see family-oriented residential development.
Is Philadelphia good for real estate investors?
Philadelphia offers strong rental demand in educational corridors and employment centers, though appreciation is moderate relative to coastal markets.
What is driving Philadelphia housing demand?
Healthcare and financial services employment educational institutions historical significance and cultural attractions drive Philadelphia housing demand.
Search Philadelphia new homes
Look up homes in Philadelphia
Search new construction and resale in Philadelphia and connect with a licensed professional.
Search Philadelphia homes ↗Get connected
Find your Philadelphia new home
Tell us your area, budget, and timeline and we'll point you to communities that fit.
Get connected in PhiladelphiaSee this month's builder incentives in Philadelphia
Tell us what you're looking for — buy, sell, both, invest, rent, or you're an agent, builder, vendor, or advertiser. Include where you want to buy or sell and your address if relevant, and we'll route you to the right resource.
Buyer · Seller · Both · Investor · Renter · Agent/Broker · New Home Builder · Vendor/Service Pro · Advertiser · Other