Market Update
Philadelphia
Q1 2026
Residential Property Snapshot
All | Q1 2026
Med. Sales Price
$270k
4% more than in
Q1 2025
Q1 2025
Avg. Days On Market
58
5% more than in
Q1 2025
Q1 2025
Closed Sales
2,624
8% fewer than in
Q1 2025
Q1 2025
Inventory
4,051
1% fewer than in
Q1 2025
Q1 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
- Townhomes
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q1 '22 | $255k | $315k | 4434 |
| Q1 '23 | $247k | $316k | 3051 |
| Q1 '24 | $250k | $309k | 2900 |
| Q1 '25 | $260k | $322k | 2856 |
| Q1 '26 | $270k | $356k | 2624 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
- Townhomes
| Closed Under $500k | 83.7% |
|---|---|
| Q1 '26 | 2196 |
| Q1 '25 | 2442 |
| 1YR CHANGE | -10% |
| Closed $500k - $1m | 13.0% |
| Q1 '26 | 342 |
| Q1 '25 | 343 |
| 1YR CHANGE | 0% |
| Closed $1m - $2m | 2.5% |
| Q1 '26 | 66 |
| Q1 '25 | 59 |
| 1YR CHANGE | +12% |
| Closed Over $2m | 0.8% |
| Q1 '26 | 20 |
| Q1 '25 | 12 |
| 1YR CHANGE | +67% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
- Townhomes
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q1 '22 | 46 | $255k |
| Q1 '23 | 59 | $247k |
| Q1 '24 | 56 | $250k |
| Q1 '25 | 55 | $260k |
| Q1 '26 | 58 | $270k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
- Townhomes
| Q1 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
-1%
New Listings
New Listings represents the number of properties listed during the quarter.
2%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
6%
Closed Sales
-8%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
5%
Art Museum Area
Median
$490k
DOM
75
Sales
37
Inv
24
Avenue of the Arts
Median
$400k
DOM
166
Sales
27
Inv
98
Bella Vista
Median
$760k
DOM
81
Sales
11
Inv
14
Chestnut Hill
Median
$1.03m
DOM
22
Sales
15
Inv
9
Chinatown
Median
$265k
DOM
56
Sales
3
Inv
18
Fishtown
Median
$480k
DOM
65
Sales
52
Inv
53
Fitler Square
Median
$806k
DOM
37
Sales
14
Inv
16
Graduate Hospital
Median
$633k
DOM
61
Sales
57
Inv
57
Loft District
Median
$300k
DOM
92
Sales
3
Inv
26
Logan Square
Median
$395k
DOM
110
Sales
23
Inv
45
Manayunk
Median
$356k
DOM
73
Sales
27
Inv
29
Naval Square
Median
$580k
DOM
12
Sales
5
Inv
7
Northern Liberties
Median
$550k
DOM
66
Sales
30
Inv
68
Old City
Median
$482k
DOM
118
Sales
22
Inv
41
Olde Kensington
Median
$415k
DOM
94
Sales
19
Inv
23
Packer Park
Median
$450k
DOM
67
Sales
7
Inv
10
Passyunk Square
Median
$445k
DOM
41
Sales
20
Inv
29
Point Breeze
Median
$324k
DOM
67
Sales
88
Inv
109
Queen Village
Median
$505k
DOM
28
Sales
27
Inv
19
Rittenhouse Square
Median
$713k
DOM
123
Sales
59
Inv
147
Society Hill
Median
$610k
DOM
53
Sales
23
Inv
41
Spring Garden
Median
$830k
DOM
98
Sales
15
Inv
23
University City
Median
$317k
DOM
69
Sales
33
Inv
55
Washington Square
Median
$493k
DOM
171
Sales
24
Inv
86
Washington Square West
Median
$493k
DOM
171
Sales
24
Inv
90
West Mount Airy
Median
$592k
DOM
26
Sales
23
Inv
14