Market Update
Philadelphia
Q2 2026
Residential Property Snapshot
All | Q2 2026
Med. Sales Price
$300k
3% more than in
Q2 2025
Q2 2025
Avg. Days On Market
48
9% more than in
Q2 2025
Q2 2025
Closed Sales
3,810
7% fewer than in
Q2 2025
Q2 2025
Inventory
4,688
8% more than in
Q2 2025
Q2 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
- Townhomes
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q2 '22 | $285k | $353k | 5451 |
| Q2 '23 | $266k | $346k | 4275 |
| Q2 '24 | $270k | $346k | 4053 |
| Q2 '25 | $290k | $364k | 4106 |
| Q2 '26 | $300k | $393k | 3810 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
- Townhomes
| Closed Under $500k | 79.6% |
|---|---|
| Q2 '26 | 3032 |
| Q2 '25 | 3357 |
| 1YR CHANGE | -10% |
| Closed $500k - $1m | 16.1% |
| Q2 '26 | 613 |
| Q2 '25 | 617 |
| 1YR CHANGE | -1% |
| Closed $1m - $2m | 3.4% |
| Q2 '26 | 128 |
| Q2 '25 | 102 |
| 1YR CHANGE | +25% |
| Closed Over $2m | 1.0% |
| Q2 '26 | 37 |
| Q2 '25 | 30 |
| 1YR CHANGE | +23% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
- Townhomes
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q2 '22 | 32 | $285k |
| Q2 '23 | 47 | $266k |
| Q2 '24 | 45 | $270k |
| Q2 '25 | 44 | $290k |
| Q2 '26 | 48 | $300k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
- Townhomes
| Q2 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
8%
New Listings
New Listings represents the number of properties listed during the quarter.
13%
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.
13%
Closed Sales
-7%
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.
9%
Art Museum Area
Median
$577k
DOM
25
Sales
68
Inv
30
Avenue of the Arts
Median
$365k
DOM
102
Sales
54
Inv
113
Bella Vista
Median
$565k
DOM
16
Sales
33
Inv
17
Chestnut Hill
Median
$963k
DOM
24
Sales
22
Inv
29
Chinatown
Median
$189k
DOM
145
Sales
9
Inv
26
Fishtown
Median
$435k
DOM
30
Sales
69
Inv
54
Fitler Square
Median
$825k
DOM
29
Sales
26
Inv
9
Graduate Hospital
Median
$653k
DOM
40
Sales
106
Inv
73
Loft District
Median
$275k
DOM
139
Sales
15
Inv
32
Logan Square
Median
$473k
DOM
86
Sales
30
Inv
40
Manayunk
Median
$380k
DOM
51
Sales
49
Inv
38
Naval Square
Median
$727k
DOM
31
Sales
18
Inv
7
Northern Liberties
Median
$530k
DOM
80
Sales
56
Inv
75
Old City
Median
$430k
DOM
72
Sales
37
Inv
30
Olde Kensington
Median
$471k
DOM
53
Sales
18
Inv
30
Packer Park
Median
$558k
DOM
165
Sales
6
Inv
14
Passyunk Square
Median
$515k
DOM
37
Sales
39
Inv
26
Point Breeze
Median
$359k
DOM
50
Sales
130
Inv
135
Queen Village
Median
$660k
DOM
70
Sales
45
Inv
30
Rittenhouse Square
Median
$650k
DOM
100
Sales
95
Inv
154
Society Hill
Median
$660k
DOM
55
Sales
57
Inv
40
Spring Garden
Median
$406k
DOM
30
Sales
30
Inv
27
University City
Median
$400k
DOM
42
Sales
51
Inv
60
Washington Square
Median
$474k
DOM
53
Sales
62
Inv
93
Washington Square West
Median
$457k
DOM
58
Sales
62
Inv
97
West Mount Airy
Median
$608k
DOM
19
Sales
21
Inv
28