Is the Philly Market Cooling or Just Catching Its Breath? November 2025 Housing Report
If you have been watching the Philadelphia Metro housing market and wondering whether things are finally easing up, November brought a mix of familiar themes and a few shifts worth noting. Prices continued to rise year over year, inventory expanded, and homes still moved quickly overall, even with slightly fewer showings and closed sales compared to last year.
Below is a clear snapshot of what happened in November and what it could mean if you are planning to buy, sell, or simply keep an eye on the market.
Philadelphia Metro at a glance for November 2025
Closed sales: 4,754 (down 3.9 percent year over year)
Median sold price: $390,000 (up 3.4 percent year over year)
Median days on market: 17 days (up 3 days year over year)
New pending sales: 4,945 (down 2.3 percent year over year)
New listings: 4,675 (down 6.2 percent year over year)
Active listings: 11,685 (up 7.8 percent year over year)
Months of supply: 2.16 (up 0.13 months year over year)
Showings: 100,294 (down 3.1 percent year over year)
The big story this month
Prices are still climbing, even as the pace softens slightly.
The median sold price rose to $390,000, up 3.4 percent compared to last November. Even with fewer closed sales and fewer showings, prices held firm, which is typically a sign that well priced homes are still attracting serious buyers.
Inventory is growing, but it is still not a fully balanced market.
Active listings increased 7.8 percent year over year, and months of supply ticked up to 2.16. That is movement in the direction buyers want to see, but it is still a limited supply environment overall. More options can reduce the feeling of frenzy, but it does not automatically translate to deep discounts.
Homes are taking a little longer, but 17 days is still fast.
Median days on market increased to 17 days. In real life, that often looks like fewer same weekend decisions and a bit more breathing room for buyers. For sellers, it is a reminder that pricing and presentation matter more now than they did in the most intense periods.
What this means if you are buying
You may have a bit more selection than last year, and you might see less pressure to make an instant decision, especially on homes that are not perfectly positioned. That said, competitive homes in great locations and great condition still move quickly, so having your strategy ready before you tour is the best advantage you can give yourself.
Buyer move this month: focus on getting clear on your must haves vs nice to haves, then move quickly when the right home checks the boxes and is priced correctly.
What this means if you are selling
Even with more active listings, prices are rising year over year, which is a strong signal for sellers. The tradeoff is that buyers are more selective and the market is less forgiving of overpricing or weak presentation. Homes that feel turnkey, well marketed, and priced in line with current demand are still the ones that win.
Seller move this month: lean into strategic pricing and strong prep. The goal is to be the best option in your specific neighborhood and price bracket, not just to be on the market. Wondering what your home is worth? Try our free home valuation calculator.
The bottom line
November 2025 looked like a market that is steady, not sleepy. Prices are up, inventory is improving, and the pace is slightly calmer, which can be a healthy shift for both sides. If you want to understand what these metro trends mean for your specific neighborhood, price point, or property type, we can break it down with a hyper local view.
Source: Bright MLS.
