Is Philadelphia, PA 19192 a buyer’s or seller’s market?
Philadelphia is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Philadelphia housing market right now
In the three months ending August 31, 2026, 0% of homes in Philadelphia, PA 19192 sold above their list price, the typical home went under contract in 102 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (165 days then) and the median sale price rose 2% to $874,622. Overall, Philadelphia is more competitive than a year ago, so tougher for buyers.
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Questions about Philadelphia real estate
Is Philadelphia a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Philadelphia, PA 19192 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Philadelphia?
The typical home went under contract in 102 days in the latest three months.
Do homes in Philadelphia sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.3% of the list price.
What is the median home price in Philadelphia?
The median sale price was $874,622 in the three months ending August 31, 2026, about $655 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology