Greater Philadelphia Real Estate Market Update: December 2025

As 2025 comes to a close, the housing market across the Greater Philadelphia region continues its gradual shift toward a more balanced state. While affordability challenges remain, home prices are still rising—though at a slower pace than in recent years. Inventory has improved modestly, and buyers are gaining a bit more leverage as homes stay on the market slightly longer.

Looking ahead to 2026, national forecasts point to modest price appreciation, improved affordability if mortgage rates ease, and a potential rebound in home sales activity.

📍 Philadelphia County

• The median home sale price in Philadelphia was $275,000 in November 2025, up approximately 5.8% year-over-year, according to Redfin – Philadelphia Housing Market.
• Homes are taking around 52 days to sell, a modest increase from the same time last year.
• Active listings have grown 10.9% from a year earlier, while new listings declined by 9%, pointing to a more inventory-rich but selective seller pool.

📊 Source: Bright MLS Metro Market Report – August 2025 | Axios – Philly Real Estate Turnover

2025 Recap: Philadelphia saw modest home price appreciation in 2025, with cooling buyer demand and increasing inventory. Many homeowners continued to hold low-interest mortgages, contributing to historically low turnover.

2026 Outlook: Experts predict continued 1–3% price growth, more inventory, and a gradual uptick in buyer activity, especially if interest rates soften.
📈 Forecast: Kiplinger Housing Outlook

📍 Delaware County

• The typical home value is approximately $355,438, up 2.1% year-over-year, per Zillow – Delaware County.
• Redfin data shows a median sale price of $372,500–$373,000, with homes spending an average of 35 days on the market.
• Inventory remains constrained, with just 1.7 months of supply, according to Long & Foster.

2025 Recap: Delaware County held steady throughout 2025, with solid price gains and fast-moving listings in popular price points under $400,000.

2026 Outlook: As affordability slowly improves, sales volume may increase. Expect steady pricing and continued demand from first-time and move-up buyers.

📍 Montgomery County

• The typical home value in Montgomery County is $473,900, up 2.2% year-over-year, according to Zillow – Montgomery County.
• Redfin reports a median sale price of approximately $436,250, with homes selling in around 25–28 days.
• Inventory remains tight but has improved from the start of the year.

2025 Recap: Montgomery County experienced slow but steady growth in 2025, with less volatility than prior years. Buyers found more room to negotiate, while well-priced homes continued to sell quickly.

2026 Outlook: As mortgage rates stabilize or fall slightly, expect modest price gains and improved sales volume, particularly in family-friendly suburbs with strong schools and transportation access.

📍 Bucks County

• Redfin – Bucks County reports a median sale price of $530,000 in November 2025, up 5.1% year-over-year.
• Zillow – Bucks County shows a typical home value of $507,035, reflecting a 4.2% YoY increase.
• Days on market are averaging 27–30 days, with some softening in pace compared to mid-2025.

📊 Source: Bright MLS – August 2025 Report

2025 Recap: Bucks County remained one of the stronger performers in the region, with healthy demand and price growth in towns like Doylestown, Yardley, and Newtown. Inventory rose slightly, offering buyers more choice.

2026 Outlook: Bucks is expected to continue outperforming regional averages with steady price growth and active buyer demand, especially in desirable school districts.

📊 Regional Summary

County	Median Sale Price (Nov 2025)	YoY Change	Days on Market	2026 Outlook
Philadelphia	$275,000	+5.8%	~52 days	Stable growth, more balanced pace
Delaware County	$372,500–$373,000	+4.8%	~35 days	Solid demand, low supply
Montgomery County	$436,250	+2.2%	~25–28 days	Mild growth, inventory improving
Bucks County	$530,000	+5.1%	~27–30 days	Above-average price gains expected