Greater Philadelphia Luxury Market Update – Bucks, Montgomery & Philadelphia | Aug 4–10, 2025

Greater Philadelphia Area Luxury Market Update (August 4–10, 2025)

The luxury real estate market across Bucks County, Montgomery County, and Philadelphia showed mixed performance this past week, with notable shifts in sales volume, pricing trends, and days on market. Let’s break down the numbers.

Bucks County: $1 Million+ Market

Bucks County experienced a significant slowdown, with sales down 58% week-over-week to just 11 transactions. Median sales price dipped 13% to $1,250,000, while new signed contracts fell 61% to 7.

New listings also saw a 40% drop, bringing only 12 properties to market, still at a median price of $1,250,000. The average time on market was 25 days in contract and 27 days sold, suggesting homes are still moving at a relatively steady pace despite the reduced activity.

Montgomery County: Broad Market & Luxury Segment

The Montgomery County market saw sales decline 48% to 130 transactions overall, with a median price of $485,000—down 7% from last week. Interestingly, new signed contracts rose 3% to 155, signaling potential future activity despite fewer sales.

New listings reached 225, down 3%, with a sharper 19% drop in median price to $485,000. Homes sold faster here than in surrounding counties, averaging 21 days in contract and 15 days sold.

Luxury Segment ($1M+):

New Listings: 19
Signed Contracts: 6 (-60%)
Sales: 12 (-57%)

While luxury sales dipped, Montgomery County still had a healthier volume compared to Philadelphia and Bucks in this price range.

Philadelphia: $1 Million+ Market

Philadelphia’s luxury sector recorded 6 sales, a 33% drop from last week, with the median sales price sliding 30% to $1,080,000. New signed contracts fell 20% to just 4, and new listings plummeted 67% to 4 homes.

One of the most striking differences in the city’s market is the extended days on market—luxury homes averaged 147 days in contract and 95 days sold, indicating slower buyer activity and longer negotiation periods.

Key Takeaways

Luxury slowdown: All three markets saw a decrease in million-dollar-plus sales, with Philadelphia showing the steepest median price drop.
Buyer hesitation: Rising days on market, especially in Philadelphia, suggest a more cautious buyer pool.
Opportunities for buyers: With prices adjusting downward and more time to negotiate, this could be an ideal window for those ready to enter the luxury market.
Montgomery resilience: While sales volume is down, contract activity shows signs of potential rebound here.

If you’re considering buying or selling in Bucks, Montgomery, or Philadelphia’s luxury markets, now’s the time to strategize. Whether you’re looking for your dream estate or aiming to position your home competitively, staying informed is key.

Work With Us

Michael's experience, knowledge, and outstanding communication skills enable him to advocate for clients and expertly negotiate on their behalf. Whether you are looking to buy your dream home or sell your property at the best possible price, Michael is committed to delivering exceptional results. His friendly and personable demeanor makes him both well-respected by his peers and a trustworthy and reliable agent for his clients.

Leave a Message

Thank you for your message. We will be in touch with you shortly.

Greater Philadelphia Luxury Real Estate Market Update | August 4–10, 2025

Greater Philadelphia Area Luxury Market Update (August 4–10, 2025)

Recent Blog Posts

Greater Philadelphia Area Real Estate Market Update (September 1–7, 2025)

Greater Philadelphia Market Highlights: Bucks, Lehigh Valley, Montgomery & Philadelphia (Week of Aug 25–31, 2025)

Philadelphia Neighborhood Guide 2025: Chestnut Hill, Main Line, Center City & Fishtown/Northern Liberties

Philadelphia, Bucks & Montgomery County Real Estate Market Update | Week of Aug 18–24, 2025

Things to Do in Philadelphia This Week: Fishtown, NoLibs, Chestnut Hill, Main Line & Center City

Greater Philadelphia Luxury Real Estate Market Update: Bucks, Montgomery, and Philadelphia County Trends (August 2025)

Philadelphia August 2025 Community Guide: Back to School, Local Events, and Dining Highlights

Greater Philadelphia Luxury Real Estate Market Update | August 4–10, 2025

Your Philadelphia Week: Art, Eats, Festivals and Real Estate Insights (August 8–14, 2025)

Work With Us

Leave a Message

Thank you for your message. We will be in touch with you shortly.

Greater Philadelphia Luxury Real Estate Market Update | August 4–10, 2025

Greater Philadelphia Area Luxury Market Update (August 4–10, 2025)

Recent Blog Posts

Greater Philadelphia Area Real Estate Market Update (September 1–7, 2025)

Greater Philadelphia Market Highlights: Bucks, Lehigh Valley, Montgomery & Philadelphia (Week of Aug 25–31, 2025)

Philadelphia Neighborhood Guide 2025: Chestnut Hill, Main Line, Center City & Fishtown/Northern Liberties

Philadelphia, Bucks & Montgomery County Real Estate Market Update | Week of Aug 18–24, 2025

Things to Do in Philadelphia This Week: Fishtown, NoLibs, Chestnut Hill, Main Line & Center City

Greater Philadelphia Luxury Real Estate Market Update: Bucks, Montgomery, and Philadelphia County Trends (August 2025)

Philadelphia August 2025 Community Guide: Back to School, Local Events, and Dining Highlights

Greater Philadelphia Luxury Real Estate Market Update | August 4–10, 2025

Your Philadelphia Week: Art, Eats, Festivals and Real Estate Insights (August 8–14, 2025)

Work With Us

Get in Touch

Contact Details

Philadelphia Real Estate