Is Philadelphia, PA 19129 a buyer’s or seller’s market?

The Philadelphia housing market right now

In the three months ending August 31, 2026, 40% of homes in Philadelphia, PA 19129 sold above their list price, the typical home went under contract in 57 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 46 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 55%, homes sold more slowly (41 days then) and the median sale price rose 16% to $394,829. Overall, Philadelphia is less competitive than a year ago, which gives buyers more room.

Within Philadelphia County, homes here sell more slowly than in 64% of the county’s ZIP codes, and sell more often over asking than in 84%. On our competition score, Philadelphia ranks #332 of 601 PA ZIP codes with enough sales (score 65 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.