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Market Snapshot
Philly, as it is commonly referred to, is a city of many faces. History, arts and culture run deep in its veins and roots since it is home to many American icons of freedom and democracy. Blending the new and old, the city brings together dynamic cultural and business communities with a view to promoting a modern urban way of life.
Philly is home to headquarters of at least 7 Fortune 500 Companies and has been rated an “Alpha-City” by Globalization and World Cities Research Network. This East Coast economic hub provides employment to hundreds of thousands with top employers such as; Albert Einstein Medical Research Center and Temple University.
When it comes to new homes for sale in Philadelphia, Philly is known to have some of the best with builders like; Judd Builders and Developers and BMK Homes calling it home. New homes in around the city sell like hot cake and it’s not hard to see why. Townhomes are currently up for sale from the 400s to the 500s. Although still at ready to build stage, these homes, once completed, will be furnished with some of the finest energy saving appliances and high end finishes. Proximity to amenities is not an issue since folks will be right at the heart of Philly. How better can it get really? Our NewHomeSource site provides more updated information to buyers in this location.
There isn’t a shortage of fun things to do in the “City of Brotherly Love”. As a new resident, a tour of the historic district and downtown regions is much deserved. It should take you through some famed landmarks and sites including; the Liberty Bell, Constitution Center and Independence Hall.
Had enough of history? How about a culinary experience of this city? Jim’s is a popular cheesesteak joint. Try it out to get an authentic taste of the East Coast. But if you prefer to delve into the world of street food, none does it better than Reading Terminal Market.
Philly has a lot to offer its residents. Come and experience the hyped east coast way of life.
Not finding the right new house in Philadelphia? Expand your search to browse all Philadelphia area houses for sale. You can also focus your search across the Philadelphia area to the many new luxury homes, condos and townhomes, or 55+ homes for sale in Philadelphia.
Market Overview: New Construction in Philadelphia, PA
Here is a quick overview of housing developments in Philadelphia, as well as the new construction outlook for new build homes in Philadelphia:
| City | Philadelphia |
| State | Pennsylvania |
| Metro Area | Philadelphia |
| New Home Communities | 55 |
| Quick Move in Homes | 99 |
| Homes Under Construction | 73 |
| Starting Price | $346,600 |
| Average Price | $545,366 |
| Price Per Square Foot | $257 |
| Home Builders | 30 |
| Builders in Philadelphia |
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Customizable Options in Philadelphia
| Floor Plans Available | 199 |
| Bedroom Count | 1 to 5 |
| Bathroom Count | 1 to 5 |
| Square Footage Range | 908 to 5,603 sq/ft. |