2025PHILADELPHIAREALESTATEMARKET
Let’stakealookatthe2025Philadelphiarealestatemarket.Currently,thereare879sales pendinginthemarketoverall-leaving3,760listingscurrentlyactiveinthemarket.The resultingpendingratiois19.32%
Inventoryperpricepoint:
$100,000-$200,000: 964ListingsActive
$200,000-$300,000: 1,019ListingsActive
$300,000-$400,000: 556ListingsActive
$400,000-$500,000: 290ListingsActive
$500,000-$600,000: 175ListingsActive
$600,000-$700,000: 131ListingsActive
$700,000-$800,000: 79ListingsActive
$800,000-$900,000: 38ListingsActive
$900,000-$1,000,000: 23ListingsActive
$1,000,000-$1,500,000: 62ListingsActive
$1,500,000-$2,000,000: 55ListingsActive
$2,000,000-$3,000,000: 38ListingsActive
$3,000,000-$4,000,000: 14ListingsActive
$4,000,000andAbove: 36ListingsActive
Atotalof7085contractshaveclosedinthelast6monthswithamediansoldpriceof $265,000.Breakingitdown,wenoticethatthe$200K-$300Kpricerangecontainsthe highestnumberofsoldlistings.Alternatively,atotalof4197listingshavefailedtosellinthat sameperiodoftime.Listingsmayfailtosellformanyreasonssuchasbeingpricedtoohigh, havingbeeninadequatelymarketed,thepropertywasinpoorcondition,orperhapsthe ownerhadsecondthoughtsaboutsellingatthisparticulartime.The$200K-$300Kprice rangehasthehighestnumberofoff-marketlistingsat1,094properties.
DaysonMarket
Analysisofsoldpropertiesforthelastsixmonthsrevealsamediansoldpriceof$265,000 and21daysonmarket.Propertiesinthe$300K-$400Kpricerangehavesoldquickestover thelastsixmonths.
ZillowranksPhiladelphiahasoneoftheTOP5HOTTESTMARKETSfor2025.Zillowdeterminedthe rankingusingmetricsincludingprojectedhomevalueappreciation,averagelistingdaysperhomelast year,thenewjobstonewresidentialbuildingpermitsratio,andtheforecastedchangeinowneroccupiedhouseholdsfrom2024to2025.
PhiladelphiaranksonlybehindBuffaloinjobspernewhomespermitted,with1.5newjobsforevery homeapprovedforconstruction.Philadelphia’sjobmarketcontinuestodrivedemandfornewhomesin thearea,asdoesaffordability Philadelphiaremainsamuchmoreaffordableoptioncomparedtoother NortheastcitiessuchasNewYork,WashingtonDCandBoston.Expertspredicthomevalueswill appreciateby2.6%in2025-comparedto4.6%in2024.
