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Philly Home Values Up From Last Year

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    Home sales are up in the city.

    Median home values in the Greater Philadelphia region rose 3.3 percent year-over-year to $199,200, according to newly released data from Zillow. The July 2014 study found that the Philadelphia area's median home value is 13.9 percent higher than the national average of $174,800.

    Using its Zillow Home Value Forecast, the company forecasts that home prices in the Philadelphia area will rise 0.9 percent over the next year (July 2014 – July 2015). Nationally, home values are projected to increase 2.7 percent during over the next year.

    Here's how major cities in the region stack up:

    Median Home Price: $112,400
    Increase Year-Over-Year: 4.6 percent

    Click here to see how other area cities stack up...

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