Philadelphia, PA
Housing market overview · Updated weekly
$265,000median sale price
Homes sold
809
Last 12 weeks
Days on market
69
Average pace
Active listings
4,436
5.5 months supply
Sale-to-list
97.0%
Below asking
The Philadelphia housing market is currently classified as a buyer's market with a median sale price of $265,000. Prices have risen 6.0% compared to last year, with homes spending an average of 69 days on market, indicating 5.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in Philadelphia?
The median home sale price in Philadelphia is $265,000, up 6.0% from last year.
How long do homes stay on market in Philadelphia?
Homes typically spend 69 days on market before going under contract.
Is Philadelphia a buyer's or seller's market?
With 5.5 months of supply, Philadelphia is currently a buyer's market.
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