Welcome to the vibrant and diverse world of Philadelphia's condominium market! Whether you're a first-time buyer or a seasoned investor, you'll find something that suits your taste and lifestyle in the City of Brotherly Love.
Currently, there are three luxury high-rises under construction: 2100 Hamilton, Arthaus, and the Laurel. These developments add roughly 200 new units to the market. The New Construction Tax abatement is still available and the buildings above get the full abatement. Developments that filed for the abatement after 1/1/2022 get the full abatement for the first year but it decreases by 10% each year thereafter. New construction has accounted for 10% of condo sales in Philadelphia in 2023
Philadelphia's neighborhoods vary greatly in vibe and price. Take time to explore and find an area that resonates with you. Also, consider what amenities are important to you. Whether it's a gym, parking, or a rooftop deck, different buildings offer different perks. So, what are you waiting for? Dive into Philadelphia's condo market and find your dream home today!
The map below has layers for the neighborhoods in the city that have a significant number of condominiums. Use the icon to the left of the title to access the layers. Select and deselect layers and zoom in or out with your mouse to display condos for your neighborhood of interest. Click on individual icons in the map to see detailed information about that building and access listings for the given building by clicking on the website link in the detailed information. Rittenhouse Square and Washington Square West are the initial neighborhoods on the map. Others will be added
Since there is an inherent lag in real estate sales statistics due to the time between contract signing and settlement, statistics on contract signing and price changes are presented below. The Under Contract column below is a good measure of how many homes are being signed to a purchase contract. It includes homes that have changed state from Active to Active under Contract and those that have changed from Active to Pending. The Price Decrease column shows the number of properties taking price decreases in the given period. Sellers would do this in order to sell their homes.