Is Philadelphia, PA 19102 a buyer’s or seller’s market?
Philadelphia is a balanced market. With about 4.6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 4% of U.S. ZIP codes, and #597 of 601 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Philadelphia housing market right now
In the three months ending August 31, 2026, 4% of homes in Philadelphia, PA 19102 sold above their list price, the typical home went under contract in 89 days and there were 4.6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 30 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 7%, homes sold more slowly (71 days then) and the median sale price fell 35% to $259,888. Overall, Philadelphia is less competitive than a year ago, which gives buyers more room.
Within Philadelphia County, homes here sell more slowly than in 98% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Philadelphia ranks #597 of 601 PA ZIP codes with enough sales (score 10 out of 100).
Nearby, Philadelphia 19118 (53% sold over asking) and Philadelphia 19154 (48% sold over asking) are even more competitive.
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Nearby markets
Philadelphia 19103Balanced $477 /sq ftPhiladelphia 19104Buyer’s market $187 /sq ftPhiladelphia 19106Seller’s market $407 /sq ftPhiladelphia 19107Balanced $357 /sq ft Browse all markets →Towns like Philadelphia nearby
Find towns like Philadelphia in other states →Where Philadelphia is
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Questions about Philadelphia real estate
Is Philadelphia a buyer’s or seller’s market?
A balanced market: there were 4.6 months of supply in Philadelphia, PA 19102 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Philadelphia?
The typical home went under contract in 89 days in the latest three months.
Do homes in Philadelphia sell over asking?
4% of homes sold above their original list price, and the typical sale closed at 95.2% of the list price.
What are property taxes in Philadelphia?
About 0.82% of a home’s value a year in Philadelphia County, or roughly $3,280 on a $400,000 home.
What is the median home price in Philadelphia?
The median sale price was $259,888 in the three months ending August 31, 2026, about $322 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology