Market Insights

Philadelphia Market Insights

Data-driven insights to help you make smarter real estate decisions.

Data reflects approximate market conditions as of Q1 2026

At a Glance

Philadelphia Market at a Glance

$288K

Median Home Price

Up 6.7% YoY

28days

Avg Days on Market

Down 3 days YoY

3,450listings

Active Inventory

Down 8% YoY

98.5%

Sale-to-List Ratio

Up 0.5% YoY

Market Trends

Philadelphia Market Over Time

Toggle between metrics to explore median price, inventory levels, days on market, and price per square foot from January 2025 through March 2026.

Neighborhood Data

Median Price by Neighborhood

Value Comparison

Price per Square Foot by Neighborhood

Compare the cost per square foot across Philadelphia neighborhoods to find the best value for your budget.

Market Speed

Days on Market by Neighborhood

Lower values indicate faster-moving markets with higher buyer demand.

Trends

What the Numbers Mean

Steady Price Growth

Philadelphia's housing market continues moderate appreciation, outpacing inflation without the volatility of coastal metros. Neighborhoods like Fishtown and Graduate Hospital lead gains with 6-8% annual increases, while established areas like Rittenhouse and Chestnut Hill appreciate at a steadier 2-3%.

Competitive but Balanced

While some areas see bidding wars -- particularly in Fishtown, Brewerytown, and Kensington -- the overall market offers opportunities for prepared buyers. Pre-approval, flexible closing timelines, and strong earnest money deposits give buyers a meaningful edge in competitive situations.

Low Inventory Favors Sellers

Limited supply means well-priced homes sell quickly, often within two to three weeks. Sellers benefit from strategic pricing and professional marketing. Overpricing remains the biggest mistake -- homes priced right from day one sell faster and for more than those that require reductions.

Timing

When Should You Make Your Move?

When to Buy

Winter months typically see less competition and more motivated sellers, making December through February an excellent window for buyers willing to brave the cold.
Get pre-approved first. In Philadelphia's competitive market, sellers take pre-approved buyers more seriously. A strong offer with proof of financing wins over higher offers without it.
Watch emerging neighborhoods. Areas like Brewerytown, Point Breeze, and Kensington offer strong appreciation potential at lower entry prices than established markets.

When to Sell

Spring is king. Philadelphia's market historically peaks from March through June, when buyer activity surges and homes show best with blooming curb appeal.
Price it right from day one. Homes priced accurately at listing receive more showings and often sell above asking. Overpriced homes sit, requiring reductions that signal desperation.
Low inventory is your friend. With active listings down 8% year-over-year, well-prepared sellers face less competition and stronger offers in today's market.

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Data is approximate and based on publicly available MLS records. Contact a Tauro agent for the most current information.