Is Philadelphia, PA 19151 a buyer’s or seller’s market?

The Philadelphia housing market right now

In the three months ending August 31, 2026, 27% of homes in Philadelphia, PA 19151 sold above their list price, the typical home went under contract in 59 days and there were 4.1 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 65 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 19%, homes sold more slowly (54 days then) and the median sale price rose 10% to $229,901. Overall, Philadelphia is more competitive than a year ago, so tougher for buyers.

Within Philadelphia County, homes here sell more slowly than in 69% of the county’s ZIP codes, and sell more often over asking than in 56%. On our competition score, Philadelphia ranks #529 of 601 PA ZIP codes with enough sales (score 36 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.