Market Snapshot
Best described as a city that blends the old and new together, Philly is a city of many faces. While some see it as home to American icons of freedom and democracy, to others it is the capital of vibrant businesses and cultural communities.
Seven Fortune 500 Companies call the City of Brotherly Love home. Philly has provided employment to its million residents in industries like education, health and communication. Major employers include Temple University and Albert Einstein Medical Center.
The Old City neighborhood is home to the Liberty Bell, Independence Hall and the Constitution Center. About a 10-minute walk from the Independence Hall is the Elfreth's Alley - the acclaimed, first residential street in the US. Walking these streets feels like stepping back in time; with houses dating back to the 18th century.
If historical sites aren't really your thing, then take a short 15-minute walk from Old City Philadelphia and you'll hit the more eclectic world of South Street. The thrift and record shops there won't disappoint. Grab something to eat at Johnny Rockets or get a classic cheese steak from Jim's. What completes Philly, however, is Reading Terminal Market. This enclosed public market is where you'll find all sorts of vendors selling the best of Philly's snacks and finger food.
What about student life in the City of Brotherly Love? There are more colleges and universities in and around Philly than in any other major city in the US. Making Philadelphia your home is made much simpler by New Home Source which has everything you need to find a new home here.
When you buy in the Philadelphia area you get a vibrant locale for a new home in the city proper or the welcoming suburbs. The new home builders here offer designs with great versatility for entertaining and relaxing. Live in an open concept home with flow to spacious kitchens with islands, granite countertops and stainless steel appliances. Enjoy great rooms with architectural details and abundant natural light. Select your new floor plan from lower maintenance townhomes or spacious single-family homes. Find the features and finishes that speak to your wants and needs. Exteriors are taking inspiration from farmhouse, cottage, contemporary and Craftsman styles. Find everything from low maintenance living to rich amenities to spacious lots. Choose a floor plan that suits your lifestyle. Check out some of the beautiful new floor plans for a quick move with our list of builder inventory homes in Philadelphia.
Overview: New Construction in Philadelphia, PA
Here is a quick overview of what the new construction market currently looks like in Philadelphia.
| Metro Area | Philadelphia |
| State | Pennsylvania |
| New Home Communities | 80 |
| Move in Ready Homes | 129 |
| No. of Homes Under Construction | 83 |
| Starting Price | $269,000 |
| Average Price | $632,421 |
| Price Per Square Foot | $240 |
| Home Builders | 40 |
| Builders in Philadelphia |
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Customizable Options in Philadelphia
| Floor Plans Available | 360 |
| Bedroom Count | 1 to 6 |
| Bathroom Count | 1 to 6 |
| Square Footage Range | 908 to 5,603 sq/ft. |