Is Philadelphia, PA 19142 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 19142 sold above their list price, the typical home went under contract in 54 days and there were 7.6 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 59 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 31%, homes sold about as fast and the median sale price rose 2% to $152,434. Overall, Philadelphia is more competitive than a year ago, so tougher for buyers.

Within Philadelphia County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell more often over asking than in 89%. On our competition score, Philadelphia ranks #408 of 601 PA ZIP codes with enough sales (score 55 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.