While the housing market remains competitive in Philadelphia, home sales of new construction homes were less aggressive. In 2022, 679 new construction homes were sold, but that number dropped 12% in 2023. The majority of these sales were townhomes and condos (single family residences represented only 4% of sales). However, the new construction homes tend to sell more quickly, with a median 36 days on the market. Pricing for new construction homes skews toward the higher end, compared to similar homes elsewhere in Pennsylvania ($550,000 median price in 2023). About one-third of the new construction homes sold in Philadelphia came with an HOA, which might cover amenities such as landscaping, maintenance, a reception desk, gym, and pool.
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New Construction Homes for Sale in Philadelphia, PA
341 homes
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5115 Hadfield St, Philadelphia, PA 19143
Welcome to 5115 Hadfield Street! This luxurious brand-new home will leave you in awe. This gorgeous home boasts all the bells and whistles needed for modern living. The home has hardwood flooring, re...
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2222 N Howard St, Philadelphia, PA 19133
Welcome to 2222 N Howard Street, an exquisite newly constructed residence located in the heart of Norris Square! This charming home boasts a stunning brick facade, offering 4 bedrooms, 3 bathrooms, a...
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