Greater Philadelphia Weekly Luxury Market Update

Date Range: July 7–13, 2025
Covering $1M+ single-family home data in Philadelphia, Bucks County, and Montgomery County

Philadelphia Market Highlights

Despite a dip in overall sales, buyer activity surged in Philadelphia's luxury market, with new contracts climbing sharply.

• Sales: 7 (-30% WoW)

• Median Sales Price: $1,225,000 (-16%)

• New Signed Contracts: 6 (+200%)

  • Median Contract Price: $1,475,000 (-61%)

• New Listings: 7 (+75%)

  • Median Listing Price: $1,850,000 (+43%)

• In Contract DOM: 48 Days

• Sold DOM: 25 Days

Takeaway:
Although sales volume dipped, the contract surge suggests growing buyer confidence. New listings are coming to market at higher price points, indicating seller optimism despite recent pricing adjustments.

Bucks County Market Highlights

Luxury listings are tightening in Bucks County, and though new contract activity slowed, closed sales are up.

• Sales: 7 (+40% WoW)

  • Median Sales Price: $1,400,000 (-12%)

• New Signed Contracts: 8 (-43%)

  • Median Contract Price: $1,224,750 (-18%)

• New Listings: 18 (-19%)

  • Median Listing Price: $1,197,500 (-4%)

• In Contract DOM: 87 Days

• Sold DOM: 64 Days

Takeaway:
Even as contracts and new listings dip, buyers are still closing on luxury homes, likely absorbing older inventory. Slight median price drops show a market slowly rebalancing, with longer days on market a key trend to watch.

Montgomery County Market Highlights

Montco saw the biggest influx of inventory, especially in the luxury space, paired with a decline in buyer activity.

• Sales: 150 (-19% WoW)

  • Median Sales Price: $505,000 (-4%)

• New Signed Contracts: 147 (-14%)

  • Median Contract Price: $485,000 (-3%)

• New Listings: 184 (+229%)

  • Median Listing Price: $495,000 (-12%)

• In Contract DOM: 24 Days

• Sold DOM: 14 Days

Luxury Market ($1M+):

• New Listings: 20 (+300%)

• Signed Contracts: 9 (-38%)

• Sold: 14 (-30%)

Takeaway:
Inventory exploded in Montgomery County, but luxury buyers appear more cautious. Prices and contract activity dipped, and luxury homes are moving slower. However, short DOMs in the broader market indicate that well-priced homes are still going quickly.

Final Thoughts

For Buyers:
More options are becoming available, especially in Montgomery County. Philadelphia’s contract activity shows the best listings are attracting attention—be ready to move quickly when the right one hits the market.

For Sellers:
Price strategically. Montgomery's inventory boom and Philly’s pricing drops show that buyers are sensitive to value. Presentation, marketing, and data-backed pricing are key to standing out.

📞 Ready to Navigate This Market?

Whether you're looking to buy, sell, or invest in Philadelphia, Bucks, or Montgomery County, staying on top of the numbers gives you a major edge.

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