PHILADELPHIA COUNTY HOUSING MARKET DATA

There was an increase in total units sold in May, with 1,320 sold this month in Philadelphia County Real Estate versus 1,201 last month, an increase of 10%. This month's total units sold was lower than at this time last year, a decrease of 11% versus May 2024.

The total number of homes available this month is 4,603 units, which is similar compared to a year ago. This month's total of 4,603 is lower than the previous month's total supply of available inventory of 4,790, a decrease of 4%.

Last May, the median sale price for Philadelphia County Homes was $270,000. This May, the median sale price was $301,500, an increase of 12% or $31,500 compared to last year. The current median sold price is 10% higher than in April.

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

In May, there was 3.5 months of supply available in Philadelphia County, compared to 3.1 in May 2024. That is an increase of 12% 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 1,903 homes newly listed for sale in Philadelphia County compared to 2,037 in May 2024, a decrease of 7%. There were 1,458 current contracts pending sale this May compared to 1,340 a year ago. The number of current contracts is 9% higher than last May.

In May, the average sale price in Philadelphia County was 98.7% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 46, higher than the average last year, which was 45, an increase of 2%.





FOCUS ON: PHILADELPHIA COUNTY HOUSING MARKET			MAY 2025

Units Sold 1,320	Active Inventory 4,603	Median Sale Price $301,500	Days On Market 46

Down -11% Vs. Year Ago	No Change Vs. Year Ago	Up 12% Vs. Year Ago	Up 2% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 1,320 sold this month in Philadelphia County Real Estate versus 1,201 last month, an increase of 10%. This month's total units sold was lower than at this time last year, a decrease of 11% versus May 2024.
Active Inventory The total number of homes available this month is 4,603 units, which is similar compared to a year ago. This month's total of 4,603 is lower than the previous month's total supply of available inventory of 4,790, a decrease of 4%.
		Median Sale Price Last May, the median sale price for Philadelphia County Homes was $270,000. This May, the median sale price was $301,500, an increase of 12% or $31,500 compared to last year. The current median sold price is 10% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 1,903	Current Contracts 1,458	Sold Vs. List Price 98.7%	Months of Supply 3.5

Down -7% Vs. Year Ago	Up 9% Vs. Year Ago	No Change Vs. Year Ago	Up 13% Vs. Year Ago


		Months of Supply In May, there was 3.5 months of supply available in Philadelphia County, compared to 3.1 in May 2024. That is an increase of 12% 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 1,903 homes newly listed for sale in Philadelphia County compared to 2,037 in May 2024, a decrease of 7%. There were 1,458 current contracts pending sale this May compared to 1,340 a year ago. The number of current contracts is 9% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Philadelphia County was 98.7% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 46, higher than the average last year, which was 45, an increase of 2%.



	*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.