Is Philadelphia, PA 19116 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Philadelphia is a seller’s market. With about 2 months of supply and 27% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2Under 4 months = seller’s market

Sold above original list26.9%Share of sales, last 3 months

Median sale-to-list98.6%Sold price ÷ list price

Median days on market27Listing to accepted offer

Median price per sq ft$249▲ +4.9% vs. last year

Run the numbers for 19116

Prefilled for 19116Can I win this house?Multiple-offer likelihood for a listing Prefilled for 19116Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Philadelphia 19102Balanced $322 /sq ft Philadelphia 19103Balanced $477 /sq ft Philadelphia 19104Buyer’s market $187 /sq ft Philadelphia 19106Seller’s market $407 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology