FAR NORTHEAST PHILADELPHIA HOUSING MARKET DATA

There was a decrease in total units sold in July, with 91 sold this month in Far Northeast Philadelphia Real Estate versus 101 last month, a decrease of 10%. This month's total units sold was lower than at this time last year, a decrease of 25% versus July 2024.

Versus last year, the total number of homes available this month is higher by 24 units or 20%. The total number of active inventory this July was 146 compared to 122 in July 2024. This month's total of 146 is lower than the previous month's total supply of available inventory of 151, a decrease of 3%.

Last July, the median sale price for Far Northeast Philadelphia Homes was $341,000. This July, the median sale price was $350,000, an increase of 3% or $9,000 compared to last year. The current median sold price is 4% lower than in June.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In July, there was 1.6 months of supply available in Far Northeast Philadelphia, compared to 1.0 in July 2024. That is an increase of 59% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 118 homes newly listed for sale in Far Northeast Philadelphia compared to 124 in July 2024, a decrease of 5%. There were 99 current contracts pending sale this July compared to 106 a year ago. The number of current contracts is 7% lower than last July.

In July, the average sale price in Far Northeast Philadelphia was 100.3% of the average list price, which is 0.7% higher than at this time last year.

This month, the average number of days on market was 17, lower than the average last year, which was 21, a decrease of 19%.





FOCUS ON: FAR NORTHEAST PHILADELPHIA HOUSING MARKET			JULY 2025

Zip Code(s): 19116, 19115, 19114 and 19154
Units Sold 91	Active Inventory 146	Median Sale Price $350,000	Days On Market 17

Down -25% Vs. Year Ago	Up 20% Vs. Year Ago	Up 3% Vs. Year Ago	Down -19% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 91 sold this month in Far Northeast Philadelphia Real Estate versus 101 last month, a decrease of 10%. This month's total units sold was lower than at this time last year, a decrease of 25% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 24 units or 20%. The total number of active inventory this July was 146 compared to 122 in July 2024. This month's total of 146 is lower than the previous month's total supply of available inventory of 151, a decrease of 3%.
		Median Sale Price Last July, the median sale price for Far Northeast Philadelphia Homes was $341,000. This July, the median sale price was $350,000, an increase of 3% or $9,000 compared to last year. The current median sold price is 4% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 118	Current Contracts 99	Sold Vs. List Price 100.3%	Months of Supply 1.6

Down -5% Vs. Year Ago	Down -7% Vs. Year Ago	Up 0.7% Vs. Year Ago	Up 58% Vs. Year Ago


		Months of Supply In July, there was 1.6 months of supply available in Far Northeast Philadelphia, compared to 1.0 in July 2024. That is an increase of 59% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 118 homes newly listed for sale in Far Northeast Philadelphia compared to 124 in July 2024, a decrease of 5%. There were 99 current contracts pending sale this July compared to 106 a year ago. The number of current contracts is 7% lower than last July.
		Sale Price to List Price Ratio In July, the average sale price in Far Northeast Philadelphia was 100.3% of the average list price, which is 0.7% higher than at this time last year. Days on Market This month, the average number of days on market was 17, lower than the average last year, which was 21, a decrease of 19%.


	Far Northeast Philadelphia are defined as properties listed in zip code/s 19116, 19115, 19114 and 19154.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.