Philadelphia homes sell weeks faster than national pace

Homes in the Philadelphia–Camden–Wilmington metro area sell in a median 49 days, 28 days faster than the national median of 77 days, even as 39% of active listings reduced prices during the week ending Nov. 1, 2025. The metro’s $439,900 median list price slightly exceeds the national median of $435,000.

The Philadelphia metro housing market shows buyer-favorable conditions with 2.0 months of supply, below the national level of 2.9 months. During the latest week, 863 homes were absorbed from the market while 663 new listings entered, indicating stronger demand than new supply. The metro maintains 6,944 active listings.

Inventory and pace

Philadelphia metro homes move faster than both state and national benchmarks. The 49-day median days on market compares favorably to Pennsylvania’s 56 days and the national 77-day median. New listings totaled 663 for the week, while 863 properties left the market through sales or other absorption.

Active inventory stands at 6,944 homes with 2.0 months of supply. The relisting rate reached 7.7%, indicating most properties sell without returning to market. Price adjustments remain common, with 39% of active listings taking cuts while 2% increased prices.

Pricing

The Philadelphia metro’s $439,900 median list price exceeds Pennsylvania’s $325,000 median by 35.4%. Price per square foot reached $236.1, surpassing both the state’s $185.7 and national $213.1 levels.

The high rate of price reductions at 39% reflects market dynamics as sellers adjust expectations. Meanwhile, only 2% of listings increased prices during the week, showing limited upward price pressure in current conditions.

How it compares

Philadelphia metro outperforms broader regions on key metrics. The market moves 28 days faster than the national pace and 7 days faster than Pennsylvania overall. Months of supply sits below both state (2.3) and national (2.9) levels.

Price per square foot in Philadelphia metro exceeds the national average by $22.9 and the state average by $50.4, reflecting the metro’s position as a higher-cost market within Pennsylvania.

HousingWire used HW Data to source this story. To see what’s happening in your own local market, generate your housing market report. For enterprise clients looking to license the same market data at a larger scale, visit HW Data.