Philly Home Values Up From Last Year - NBC 10 Philadelphia

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Philly Home Values Up From Last Year



    Philly Home Values Up From Last Year
    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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