Is Philadelphia, PA 19124 a buyer’s or seller’s market?

The Philadelphia housing market right now

In the three months ending August 31, 2026, 35% of homes in Philadelphia, PA 19124 sold above their list price, the typical home went under contract in 42 days and there were 4.9 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 117 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (35% then), homes sold faster (44 days then) and the median sale price fell 3% to $178,373. Overall, Philadelphia is about as competitive as it was a year ago.

Within Philadelphia County, homes here sell faster than in 78% of the county’s ZIP codes, and sell more often over asking than in 76%. On our competition score, Philadelphia ranks #439 of 601 PA ZIP codes with enough sales (score 50 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.