Weekly Luxury Market Update: Bucks, Montgomery & Philadelphia Counties
Date Range: July 28 – August 3, 2025
Data reflects single-family homes priced at $1M+
Data reflects single-family homes priced at $1M+
As the summer market continues, we’re seeing some telling shifts across the tri-county region. Here's what’s happening in the luxury segment ($1M+) across Bucks, Montgomery, and Philadelphia counties.
Bucks County Market Highlights
- Sales: 26 (⬆ 24% WoW)
- Median Sold Price: $1,430,000 (⬆ 8%)
- New Contracts: 18 (⬆ 29%) | Median: $1,300,000 (⬇ 33%)
- New Listings: 20 (⬇ 17%) | Median: $1,445,000 (⬆ 14%)
- In-Contract DOM: 32 Days
- Sold DOM: 74 Days
Takeaway:
Bucks County is holding steady with rising demand and a tightening supply in the luxury sector. While new listings are down, buyer activity is picking up — reflected in the jump in contracts and sales. The lower contract median may signal buyers looking for value plays, even as list prices rise.
Bucks County is holding steady with rising demand and a tightening supply in the luxury sector. While new listings are down, buyer activity is picking up — reflected in the jump in contracts and sales. The lower contract median may signal buyers looking for value plays, even as list prices rise.
Montgomery County Market Highlights
- Sales: 250 (⬆ 61% WoW)
- Median Sold Price: $520,000 (⬆ 2%)
- New Contracts: 151 (⬇ 26%) | Median: $467,500 (⬆ 4%)
- New Listings: 233 (⬇ 25%) | Median: $600,000 (⬆ 14%)
- In-Contract DOM: 20 Days
- Sold DOM: 22 Days
Luxury Segment ($1M+):
- New Listings: 19 (⬇ 14%)
- Signed Contracts: 15
- Sales: 28 (⬆ 87%)
Takeaway:
Montgomery’s luxury market saw a major boost in closed deals, up 87% week-over-week. With a sharp drop in new contracts and listings, inventory could tighten further if this trend continues. Demand for $1M+ homes appears strong, even as broader contract activity slows.
Montgomery’s luxury market saw a major boost in closed deals, up 87% week-over-week. With a sharp drop in new contracts and listings, inventory could tighten further if this trend continues. Demand for $1M+ homes appears strong, even as broader contract activity slows.
Philadelphia Market Highlights
- Sales: 9 (⬆ 29% WoW)
- Median Sold Price: $1,550,000 (⬆ 12%)
- New Contracts: 5 (⬇ 44%) | Median: $1,949,000 (⬆ 51%)
- New Listings: 12 (⬇ 8%) | Median: $1,420,000 (⬇ 19%)
- In-Contract DOM: 125 Days
- Sold DOM: 48 Days
Takeaway:
Philadelphia’s luxury market is moving, but sluggishly. Sales and prices are up, but homes are sitting much longer before going under contract — over 4 months on average. The high median contract price suggests buyers are targeting premium-tier properties, while the drop in new listings could lead to more competition in coming weeks.
Philadelphia’s luxury market is moving, but sluggishly. Sales and prices are up, but homes are sitting much longer before going under contract — over 4 months on average. The high median contract price suggests buyers are targeting premium-tier properties, while the drop in new listings could lead to more competition in coming weeks.
Market Insights Across the Board
- Bucks is showing strong, steady demand with moderate price growth and reduced inventory.
- Montgomery is seeing a luxury sales surge, but fewer contracts may hint at upcoming slowdowns.
- Philadelphia is a mixed bag — high-end homes are selling, but the extended days on market and drop in contracts could signal shifting buyer confidence or pricing challenges.
📬 Looking Ahead
As we head deeper into Q3, sellers should be aware of market-specific trends:
- Price competitively and lead with strong presentation.
- Buyers have leverage in certain areas (especially Philly), while others (like Montgomery) may heat up quickly.
- If you're considering listing or buying in the luxury market, now is the time to align your strategy with real-time data.
Need help navigating this market? Let's connect — data-backed guidance can make all the difference.
