From stunning family homes to spacious commercial properties, the $500,000 - $1.5 million price range offers opportunities for every type of buyer. Whether you’re looking to relocate to Center City, Philadelphia or seeking a quiet neighborhood further from the bustle of the city, you are guaranteed to find a home that fits your needs. When choosing from the thousands of active listings on the market in this price range, it’s best to filter out homes based on factors that are most important to you. Factors may be the number of bedrooms, amenities, special features or proximity to your workplace. Residences in the $500,000 - $1.5 million threshold are primarily spacious condos and townhomes with two or more bedrooms.
If you are searching for a home within the $500,000 - $1.5 million price range in Philadelphia, you will first have to decide between a highrise penthouse or a multi-floor townhome. Both come with their own set of benefits. For example, living in a condo can provide expansive skyline views with concierge services. On the other hand, a modern rowhome offers added privacy and outdoor space. On the lower end of the price range, you will find mostly 2-3 bedroom townhouses with around 1800 sq/ft of living space or 1-2 bedroom condo with approximately 1200 sq/ft of living space. The closer you move to the $1.5 million mark, you will find predominantly 2-3 bedroom condos in modern residence with around 2,500 sq/ft or a townhome with 3 + bedrooms and approximately 3,000 sq/ft of living space.
An advantage of finding a home within this price range is that you can find a beautiful home with the conveniences you want. In addition, you will have the chance to view multiple homes and your agent may even be able to negotiate a lower price with the seller. If you’re unsure what property would be best for your needs, don’t hesitate to contact! With my knowledge of Philadelphia’s neighborhoods and the current market, I can help you make informed decisions, negotiate on your behalf and find the perfect home for you.