Is Cheltenham, PA 19012 a buyer’s or seller’s market?

The Cheltenham housing market right now

In the three months ending August 31, 2026, 45% of homes in Cheltenham, PA 19012 sold above their list price, the typical home went under contract in 39 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 21 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 30%, homes sold faster (43 days then) and the median sale price rose 21% to $424,316. Overall, Cheltenham is more competitive than a year ago, so tougher for buyers.

Within Montgomery County, homes here sell more slowly than in 82% of the county’s ZIP codes, and sell less often over asking than in 57%. On our competition score, Cheltenham ranks #327 of 601 PA ZIP codes with enough sales (score 67 out of 100).

Nearby, buyers who want less competition could look at Zieglerville 19492 (0% sold over asking) or Palm 18070 (0% sold over asking), while Spring House 19477 (100% sold over asking) and Fort Washington 19034 (79% sold over asking) are even more competitive.