Is Philadelphia, PA 19123 a buyer’s or seller’s market?

The Philadelphia housing market right now

In the three months ending August 31, 2026, 17% of homes in Philadelphia, PA 19123 sold above their list price, the typical home went under contract in 62 days and there were 5.9 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 72 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 10%, homes sold about as fast and the median sale price held steady to $594,243. Overall, Philadelphia is more competitive than a year ago, so tougher for buyers.

Within Philadelphia County, homes here sell more slowly than in 76% of the county’s ZIP codes, and sell less often over asking than in 80%. On our competition score, Philadelphia ranks #542 of 601 PA ZIP codes with enough sales (score 33 out of 100).

Nearby, buyers who want less competition could look at Philadelphia 19102 (4% sold over asking) or Philadelphia 19107 (7% sold over asking), while Philadelphia 19118 (53% sold over asking) and Philadelphia 19154 (48% sold over asking) are even more competitive.