Philadelphia Real Estate Market Update | Q4’25

Jim Armstrong Market Education February 1, 2026February 18, 2026home affordability, neighborhood guides, Philadelphia real estate

Philadelphia’s real estate market closed out 2025 on steady ground, but the story looks very different depending on the neighborhood. While prices remain resilient citywide, buyers and sellers are approaching decisions more thoughtfully. Here’s what the Q4 2025 Philadelphia real estate data actually tells us.

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Philadelphia Housing Market Overview (Q4 2025)

Philadelphia’s real estate market continues to show stability with modest growth as we move into 2026.

Average sold price: $344,241 (up about 3% year-over-year)
Homes sold: 3,267 total transactions
Average days on market: 47 days, holding steady

These numbers reflect a market that remains active, but one where buyers are more deliberate and sellers benefit most from strong preparation and pricing strategies.

Overall market takeaway

Philadelphia remains stable with selective strength, even as some neighborhoods cool and others surge.
Prices are generally holding or rising modestly, while activity varies significantly by neighborhood.

What Sellers Should Know Right Now

Some neighborhoods are seeing strong price growth and faster sales, while others require more precision. Homes that enter the market priced correctly and presented well are still performing strongly, especially in popular South Philly and Center City locations.

The takeaway for sellers is simple: strategy outweighs timing in today’s market.

What Buyers Are Experiencing in Today’s Market

Buyers are benefiting from a more balanced environment in many Philadelphia neighborhoods. In areas where days on market have increased, buyers often have:

More time to evaluate options
Opportunities to negotiate terms
Greater clarity when making decisions

This doesn’t mean demand has disappeared — it means buyers are acting with intention rather than urgency.

Search homes for sale in Philadelphia >

Why Neighborhood Data Matters More Than Ever

One of the clearest themes from the Q4 2025 report is how different each neighborhood’s performance has become. Price trends, sales volume, and buyer activity vary significantly between areas like Graduate Hospital, Queen Village, and Washington Square West. Citywide averages only tell part of the story. Understanding how your specific neighborhood is performing is the key to making confident real estate decisions.

Strong Seller Leverage Neighborhoods

Bella Vista >
- Sales up 41% YOY
- Prices up 23% YOY
- Homes moving faster
- Well-positioned homes are commanding strong attention
Graduate Hospital >
- Prices up 34% YOY
- Days on market down 27% YOY
- Buyers are acting decisively when homes are priced correctly
Rittenhouse Square >
- Sales volume up 48% YOY
- Prices adjusted downward, increasing activity
- More movement equals more opportunity for serious sellers

Balanced / Pricing-Sensitive Areas

East Passyunk >
- Prices and sales mostly flat
- DOM steady around mid-40s
- Fair pricing and presentation make all the difference
Passyunk Square
- Prices up ~10%
- Days on market slightly improved
- Buyers are still active, but they’re selective
Queen Village >
- Modest price growth
- Faster sales pace
- Turn-key homes are winning here

Slower / Strategy-Driven Neighborhoods

Fitler Square >
- Sales down
- Days on market up 85% YOY
- Luxury buyers are cautious—precision matters
Northern Liberties >
- Sales up, but days on market up sharply
- Buyers are shopping harder before committing
Washington Square West >
- Prices up 22%, but days on market up 82%
- Higher pricing requires patience and strong marketing

Final Thoughts on the Philadelphia Market

Philadelphia’s real estate market continues to reward informed decision-making. Whether you’re planning to buy, sell, or simply stay informed, having neighborhood-level insight makes all the difference.

Thinking about buying or selling in Philadelphia?
Get in touch >

Your 2026 Philadelphia Property Tax Bill Is Here — What to Check

Jim Armstrong Market Education January 18, 2026February 1, 2026checklists, Philadelphia real estate, property taxes

Philadelphia property tax bills have been issued, which makes now a good time for homeowners to do a quick review before they are paid either directly or through your mortgage company (due March 31st).

Some things worth checking:

Does the assessed value look reasonable?
Is your homestead exemption applied, if eligible?
Has your tax abatement expired, if applicable?
Any unexpected changes from last year?

If you have not applied for one of Philadelphia’s tax relief programs, there is a new 5-in-1 application that works for any of the available programs offered by the city. Find it here.

26 Ways Philadelphia Homeowners Can Save Money in 2026

Jim Armstrong Market Education January 9, 2026January 19, 2026checklists, home affordability, homestead exemption philadelphia

With costs rising and budgets feeling tighter, many homeowners are looking for ways to save money in 2026—without making drastic changes or sacrificing quality of life.

The good news? Saving money as a homeowner is about stacking small, smart decisions involving:

Tax and insurance reviews most people overlook
Mortgage strategies that can lower monthly payments
Simple energy and utility savings
Maintenance habits that prevent expensive repairs

Here are 26 practical ways Philadelphia homeowners can reduce costs this year, organized into four categories:

Housing & Taxes

1. File for the Homestead Exemption (if you haven’t).
This can significantly reduce your taxable assessed value. Learn more here >

2. Appeal your property tax assessment if it feels high.
Many homeowners never challenge assessments—even when they’re inaccurate.

3. Track when your tax abatement ends and plan ahead.
Knowing when costs increase helps avoid budget shock.

How to Reduce Property Taxes in Philadelphia

Jim Armstrong Market Education September 30, 2021January 5, 2026homestead exemption philadelphia, Philadelphia real estate, property taxes

If you don’t have a residential tax abatement on the primary residence you own, the Homestead Exemption can reduce the taxable portion of your assessed value by $100,000. With this program, Philadelphians can save around $1400 on their annual tax bill, and once accepted, you don’t have to reapply each year. You will receive the benefit as long as you continue to own and live in the property.

Those with a current residential tax abatement are not eligible, but you can apply after the abatement is expired or removed. If you move out of your property to a new primary residence–keeping your former residence as an investment property, you have to remove the exemption from that property and reapply with your new primary residence.

Early tax filers should apply by September 13 while all others can apply by the deadline of December 1 to see the exemption reflected on the next year’s tax bill.

For those considering buying a home in Philadelphia or moving to Philadelphia, this is a huge benefit. Questions? Feel free to reach out to me.

Ready to save money on your tax bill?

Apply here

How to Prepare Your Home for Winter in Philadelphia

Jim Armstrong Market Education November 9, 2019January 5, 2026checklists, guides, Philadelphia real estate

Prepare your home for winter in Philadelphia by maintaining the following:

1. Heating:
Replace the filter on forced hot-air systems, have a licensed HVAC technician service your furnace, and have a licensed chimney contractor ensure there is no blockage or creosote build-up from wood stoves or fireplaces.

Keep your heat above 55 degrees so water pipes within the walls don’t freeze, rotate ceiling fans clockwise to bring warm air down, and maintain pellet and wood-burning stoves per manufacturer’s instructions.

2. Roof & gutters:
Inspect your roof and coat it roof every five years to extend it’s life. Clear leaves and debris from gutters to ensure proper drainage and prevent ice dams or cycles that can fall, and ensure gutters direct water away from walking paths and the foundation.