Is Philadelphia, PA 19132 a buyer’s or seller’s market?

The Philadelphia housing market right now

In the three months ending August 31, 2026, 15% of homes in Philadelphia, PA 19132 sold above their list price, the typical home went under contract in 82 days and there were 11.7 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 70 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 21%, homes sold faster (85 days then) and the median sale price rose 15% to $97,458. Overall, Philadelphia is less competitive than a year ago, which gives buyers more room.

Within Philadelphia County, homes here sell more slowly than in 89% of the county’s ZIP codes, and sell less often over asking than in 91%. On our competition score, Philadelphia ranks #593 of 601 PA ZIP codes with enough sales (score 13 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.