It’s officially summer—and just like that, we’re halfway through 2025. If you’re wondering how the housing market in Philadelphia and the Main Line is holding up this year, you’re not alone.

Whether you're a future buyer, a curious homeowner, or someone thinking of making a move, we’ve pulled together the key numbers, insights, and helpful context from Bright MLS, and Keller Williams to give you a full picture of what’s happening across the region so you can make smart real estate decisions in the months ahead.

Here’s your friendly, local look at Philadelphia real estate trends in July 2025.

If you're tracking Philadelphia real estate trends July 2025, here's what you need to know:

• Median Home Price: $305,000
• Year-to-Date Price Growth: ~3.5%
• Average Days on Market: 26
• Inventory: Still tight in the $250K–$500K price band

 

Bright MLS shows a modest but steady climb in prices through the first half of 2025. Buyer demand remains strong in neighborhoods like Fishtown, Graduate Hospital, and East Passyunk, particularly for updated rowhomes and move-in-ready properties.

Condos in Center City are moving slower, offering buyers more negotiating power—especially in the $700K+ range. On the other hand, family-friendly areas like Mount Airy and Chestnut Hill continue to draw consistent attention thanks to green space and classic architecture.

 

RELATED: Explore our featured Philly neighborhoods.

 

If you’ve been watching the Main Line real estate market, you'll know it's still competitive—especially in towns with top-rated schools and walkable town centers.

According to Keller Williams Main Line’s Q1–Q2 2025 Market Reports:

• Median List Price (4 BR): $650,000 (↑ 4.0% MoM)
• Average Listing Age: ~52 days
• Inventory: Increasing, but still well below seasonal/long‑term averages

Bright MLS and Keller Williams both confirm that inventory remains historically low, particularly for 3–4 bedroom homes under $900K. This trend holds especially true in desirable Main Line neighborhoods such as Ardmore, Bryn Mawr, Haverford, and Narberth, where buyers are still quick to act on turnkey homes.

 

RELATED: Want to see what’s available now? Browse our Main Line homes.

While mortgage rates are no longer climbing like they were in 2023–24, they’re still elevated compared to earlier pandemic-era lows.

As of July:

• 30-Year Fixed Average: ~6.65%
• 15-Year Fixed: ~6.00%

Lenders are responding with creative options, including temporary rate buydowns, adjustable-rate mortgages (ARMs), and lock-and-shop programs. Buyers who are well-prepared and flexible can still find success—even with rates in the mid-6% range.

If you’ve been wondering, “Is now a good time to buy in Philadelphia 2025?”—the answer depends more on your timeline than the headlines. Trying to perfectly time the market often means missing out on the right home when it shows up.

For Buyers:

• More leverage in the luxury condo and high-rise markets in Center City
• Less competition in July/August as other buyers pause
• Longer days on market on certain listings = more room to negotiate

For Sellers:

• Well-staged, updated homes in Ardmore, Wayne, and Narberth still go fast
• Homes in top school districts are in very high demand
• Inventory remains low enough to support strong list-to-sale prices

Berkshire Hathaway’s local agents report that sellers are still achieving close-to-asking price when listings are well-priced and launched strategically. Want help figuring that out?

 

Historically, mid-July through late August brings a dip in real estate activity—thanks to beach trips, summer camps, and general vacation mode. But this "slowdown" is actually a hidden opportunity for buyers and sellers.

If You’re Buying:

• Less competition = a higher chance of offer acceptance
• Sellers may be more open to flexible closing dates or repairs
• You can beat the fall rush when demand tends to spike

If You’re Selling:

• Active buyers now are serious and motivated
• With fewer listings, yours may stand out more
• A July listing can easily close by early fall

RELATED: New to the buying process? Start with our homebuying guide.

 

Your Local Real Estate Compass

The mid-year housing market report for Philadelphia and the Main Line shows a region that’s stable, competitive, and still full of opportunity—if you know where (and when) to look.

If you want help navigating your next move—whether it’s buying your first place in Fishtown, selling your family home in Wayne, or relocating to Bryn Mawr—we’re here to make that journey feel less overwhelming and a lot more local.

 

Reach out to the Fresh Places team. Let’s make your next step a smart one.