Is Philadelphia, PA 19140 a buyer’s or seller’s market?

The Philadelphia housing market right now

In the three months ending August 31, 2026, 23% of homes in Philadelphia, PA 19140 sold above their list price, the typical home went under contract in 64 days and there were 6.7 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 84 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 17%, homes sold more slowly (53 days then) and the median sale price fell 9% to $121,947. Overall, Philadelphia is about as competitive as it was a year ago.

Within Philadelphia County, homes here sell more slowly than in 78% of the county’s ZIP codes, and sell less often over asking than in 53%. On our competition score, Philadelphia ranks #566 of 601 PA ZIP codes with enough sales (score 25 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.