PHILADELPHIA COUNTY HOUSING MARKET DATA

There was an increase in total units sold in April, with 1,157 sold this month in Philadelphia County Real Estate versus 1,077 last month, an increase of 7%. This month's total units sold was lower than at this time last year, a decrease of 9% versus April 2024.

Versus last year, the total number of homes available this month is lower by 43 units or 1%. The total number of active inventory this April was 4490 compared to 4,533 in April 2024. This month's supply remained stable as compared to last month.

Last April, the median sale price for Philadelphia County Homes was $264,900. This April, the median sale price was $275,000, an increase of 4% or $10,100 compared to last year. The current median sold price is 2% lower than in March.

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

In April, there was 3.9 months of supply available in Philadelphia County, compared to 3.6 in April 2024. That is an increase of 9% 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 2,166 homes newly listed for sale in Philadelphia County, which is similar to the amount in April 2024. There were 1,520 current contracts pending sale this April compared to 1,407 a year ago. The number of current contracts is 8% higher than last April.

In April, the average sale price in Philadelphia County was 98.7% of the average list price, which is 0.5% higher than at this time last year.

This month, the average number of days on market was 49, lower than the average last year, which was 51, a decrease of 4%.





FOCUS ON: PHILADELPHIA COUNTY HOUSING MARKET			APRIL 2025

Units Sold 1,157	Active Inventory 4,490	Median Sale Price $275,000	Days On Market 49

Down -9% Vs. Year Ago	Down -1% Vs. Year Ago	Up 4% Vs. Year Ago	Down -4% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 1,157 sold this month in Philadelphia County Real Estate versus 1,077 last month, an increase of 7%. This month's total units sold was lower than at this time last year, a decrease of 9% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 43 units or 1%. The total number of active inventory this April was 4490 compared to 4,533 in April 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last April, the median sale price for Philadelphia County Homes was $264,900. This April, the median sale price was $275,000, an increase of 4% or $10,100 compared to last year. The current median sold price is 2% lower than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 2,166	Current Contracts 1,520	Sold Vs. List Price 98.7%	Months of Supply 3.9

No Change Vs. Year Ago	Up 8% Vs. Year Ago	Up 0.5% Vs. Year Ago	Up 9% Vs. Year Ago


		Months of Supply In April, there was 3.9 months of supply available in Philadelphia County, compared to 3.6 in April 2024. That is an increase of 9% 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 2,166 homes newly listed for sale in Philadelphia County, which is similar to the amount in April 2024. There were 1,520 current contracts pending sale this April compared to 1,407 a year ago. The number of current contracts is 8% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Philadelphia County was 98.7% of the average list price, which is 0.5% higher than at this time last year. Days on Market This month, the average number of days on market was 49, lower than the average last year, which was 51, a decrease of 4%.



	*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.