Is Now a Good Time to Buy or Sell? Philadelphia Metro Housing Market July 2025
The real estate market across the Philadelphia Metro area continues to evolve, and the latest Bright MLS July 2025 Housing Market Report reveals key insights for buyers, sellers, and investors. Whether you're looking to enter the market or evaluating your next move, here’s a breakdown of what you need to know.
Median Home Prices Are Up
According to Bright MLS, the median sold price in July rose to $420,000, a 6.3% increase compared to July 2024. This upward trend highlights continued demand in the region and a competitive landscape for buyers—especially in popular neighborhoods across the city and suburbs.
Takeaway for Sellers: Higher prices mean stronger returns. If you’ve been on the fence about listing, now might be a smart time to cash in on your home’s equity.
Takeaway for Buyers: While prices are up, acting sooner rather than later could help you avoid further appreciation.
Closed Sales See a Slight Dip, but Activity Remains Strong
The report shows 6,064 closed sales in July—a 2.8% decrease year-over-year. However, new pending sales ticked up slightly at 6,120 (+1.7%), signaling that buyer interest remains steady even with higher prices.
Homes Are Taking a Bit Longer to Sell
Per Bright MLS, the median days on market rose to 12 days, an increase of 2 days compared to last year. While homes are still selling relatively quickly, this shift may reflect seasonal trends or buyer hesitation amid rising interest rates.
Inventory Is Growing—Good News for Buyers
Inventory levels are expanding:
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New listings: 7,336 (+2.5% YoY)
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Active listings: 12,599 (+16.7% YoY)
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Months of supply: 2.33 months (+0.29 months)
This growing supply offers buyers more options and a slightly less competitive environment than we’ve seen in previous quarters.
Buyer Activity Holding Steady
The July report also shows 123,306 showings, a modest 0.4% increase from last year. While the pace of activity has leveled off slightly, motivated buyers are still actively touring homes throughout the region.
What This Means for You
For Buyers:
- More inventory = more choices
- Slightly longer days on market = more negotiating power
- Act quickly on well-priced properties to stay ahead of further price increases
For Sellers:
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Prices are rising—this is your window
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Market is still moving, but strategic pricing is more important than ever
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Partner with an experienced agent who understands how to navigate shifting conditions
Final Thoughts
The Philadelphia housing market is balancing out, creating opportunities for both buyers and sellers. Whether you’re considering making a move or just keeping tabs on your investment, understanding the latest market trends is key.
Have questions or want to talk about your real estate goals? The Rarity Real Estate Team is here to help you make smart, confident decisions—no matter what the market is doing.
