Philadelphia Real Estate Market Update: February 2025
We’re celebrating another successful closing at 6927 N 19th St, a reflection of the evolving Philadelphia real estate market! Whether you’re buying, selling, or investing, understanding the latest market trends is crucial.
Here’s what’s happening in Philadelphia County as of February 2025:
Philadelphia County Housing Market Snapshot – February 2025
Key Market Metrics
📌 Average Sales Price: $334K (⬆️ 3%)
📌 Median List Price: $270K (⬆️ 3%)
📌 Sales Price/List Price Ratio: 97.5% (No change)
📌 Number of Properties Sold: 818 (⬆️ 22%)
📌 Months Supply of Inventory: 5.55 (⬆️ 36%)
What These Numbers Mean for Buyers and Sellers
For Buyers: Inventory levels have increased (⬆️ 36%), giving buyers more options in the market. However, with an 818-home sales volume increase (⬆️ 22%), competition remains strong. Buyers should be prepared to act quickly on desirable properties.
For Sellers: Home prices are holding steady, with a 3% increase in both median list price and average sales price. The 97.5% sales-to-list price ratio indicates that well-priced homes continue to attract strong offers. However, with inventory levels rising, pricing competitively and having a solid marketing strategy are key to standing out.
What’s Next for the Philly Housing Market?
While home prices are appreciating, a growing inventory may signal a more balanced market in the coming months. Sellers should be strategic with pricing and presentation, while buyers may find more choices and negotiating opportunities as inventory rises.
Looking to buy, sell, or invest in Philadelphia real estate?
Contact Jon Diaz today!
📞 215-876-5082
Let’s make your real estate goals a reality!