10/14/2026
Did you know that Philadelphia-area buyers are paying about 15% more per square foot for newly built homes compared to existing properties?
๐ก In July, new construction in the Philadelphia metro sold for a median of $270 per square foot, while existing homes were at $235.
This trend is quite the opposite of the national market, where newly built homes are generally cheaper.
๐ With new homes making up only 4.2% of sales in the area, itโs clear that supply and demand dynamics are at play.
If you're considering buying or selling in this unique market, I'm here to help you navigate these trends with confidence. Letโs chat about your options!๐ฌ
Source: https://www.mychesco.com/a/news/business/real-estate/philadelphia-new-homes-carry-15-premium-as-u-s-prices-flip/
Photo Credit: via mychesco.com
Michael Zanolli
Keller Williams Real Estate
๐ (215) 485-2059
๐ (215) 631 1900
๐ง: [email protected]
๐ mikezproperties.com