November 2025 Report
Philadelphia Metro
Philadelphia | November 2025
Home Demand Index
The Home Demand Index (HDI) for the Philadelphia metro area stands at 80 in the latest report, down from 83 last month. This modest month-over-month decline reflects a continued cooling in buyer activity heading into late fall, consistent with typical seasonal trends. However, compared with last year’s index of 70, overall demand remains stronger year-over-year, suggesting the market is maintaining a healthier pace than in 2024.
Buyer demand across home types in Philadelphia shows a mixed pattern this period. The index for entry-level single-family homes declined to 79 from 85 last month but remains above last year’s 72, suggesting that affordability continues to support first-time buyers. Mid-range single-family homes decreased slightly to 73 from 75, indicating a modest pullback in buyer activity within the mid-tier market, potentially reflecting constrained inventory limiting move-up purchases. Luxury single-family homes declined to 62 from 70 but remain higher than last year, signaling ongoing, though reduced, interest among higher-end buyers. Entry-level condos rose from 106 to 108, up from 77 last year, highlighting strong continued demand among first-time condo buyers. Luxury condos fell to 112 from 120 but remain significantly above last year’s 80, suggesting sustained interest at the upper end of the condo market. Townhouses declined slightly to 88 from 91 last month but remain above last year’s 78, indicating steady demand.
Monthly Statistics for November 2025
Home Demand
Index
Index
80
(Slow)
Home Demand Index
from prior month
from prior month
83
Home Demand Index
from prior year
from prior year
70
Index change
from prior month
from prior month
-3.6%
Index change from
same time last year
same time last year
14.3%
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | November 2025
Home Demand Index | Historical Year-over-Year Comparison
This month’s Home Demand Index (HDI) for Philadelphia is 80, a decline from 83 last month but notably higher than the 70 recorded during the same period last year. The year-over-year gain highlights a solid improvement in buyer demand despite short-term seasonal slowing. Over the past 12 months, HDI values have fluctuated within a moderate range, reflecting a market that remains resilient while adjusting to affordability and inventory constraints.
Home Demand Index
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | November 2025
Home Demand Map
Buyer demand across the Philadelphia metro continues to show geographic variation. Steady activity persists in core counties such as Bucks, Montgomery, Chester, Kent, Delaware, and New Castle, while Philadelphia County remains slower due to affordability challenges and selective buyer behavior. In contrast, New Jersey counties and coastal areas like Ocean County remain in the limited-demand range, underscoring continued caution among discretionary buyers.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | November 2025
Demand and Inventory by Home Type
Buyer demand across home types in Philadelphia shows a mixed pattern this period. The index for entry-level single-family homes declined to 79 from 85 last month but remains above last year’s 72, suggesting that affordability continues to support first-time buyers. Mid-range single-family homes decreased slightly to 73 from 75, indicating a modest pullback in buyer activity within the mid-tier market, potentially reflecting constrained inventory limiting move-up purchases. Luxury single-family homes declined to 62 from 70 but remain higher than last year, signaling ongoing, though reduced, interest among higher-end buyers. Entry-level condos rose from 106 to 108, up from 77 last year, highlighting strong continued demand among first-time condo buyers. Luxury condos fell to 112 from 120 but remain significantly above last year’s 80, suggesting sustained interest at the upper end of the condo market. Townhouses declined slightly to 88 from 91 last month but remain above last year’s 78, indicating steady demand.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | November 2025
Single Family Home Below $360k
The index for entry-level single-family homes in Philadelphia declined to 79 from 85 last month but remains above last year’s level of 72. This month-over-month decrease reflects easing buyer activity following several months of stronger demand. Despite the slowdown, the year-over-year increase suggests that market conditions have improved modestly compared to 2024, with steady interest persisting in this price segment.
Monthly Statistics for Single Family Home Below $360k
Home Demand
Index
Index
79
(Slow)
Home Demand Index
from prior month
from prior month
85
Home Demand Index
from prior year
from prior year
72
Months of
inventory
inventory
2.3
Average daily inventory last month
1,396
Inventory sold
last month
last month
619
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | November 2025
Single Family Home $360k - $800k
The index for mid-range single-family homes in Philadelphia stands at 73, down slightly from 75 last month but above last year’s level of 64. The modest month-over-month decline indicates a small reduction in buyer activity, consistent with typical late-year trends. Year-over-year, the gain points to stronger overall demand than in 2024, reflecting continued market resilience despite recent cooling.
Monthly Statistics for Single Family Home $360k - $800k
Home Demand
Index
Index
73
(Slow)
Home Demand Index
from prior month
from prior month
75
Home Demand Index
from prior year
from prior year
64
Months of
Inventory
Inventory
2.2
Average daily inventory last month
3,470
Inventory sold
last month
last month
1,550
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | November 2025
Single Family Home Above $800k
The index for luxury single-family homes in Philadelphia is 62, down from 70 last month but higher than last year’s level of 56. The month-over-month decline suggests easing buyer interest in the high-end segment, aligning with broader market moderation. However, the year-over-year improvement signals that demand remains stronger than in 2024, indicating steady engagement from affluent buyers despite seasonal softening.
Monthly Statistics for Single Family Home Above $800k
Home Demand
Index
Index
62
(Limited)
Home Demand Index
from prior month
from prior month
70
Home Demand Index
from prior year
from prior year
56
Months of
Inventory
Inventory
3.2
Average daily inventory last month
1,232
Inventory sold
last month
last month
384
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | November 2025
Condo Below $428k
The index for entry-level condos in Philadelphia stands at 108, up slightly from 106 last month and well above last year’s 77. The modest month-over-month gain indicates stable buyer demand, while the sharp year-over-year increase highlights significantly stronger activity compared with 2024. This segment continues to attract buyers seeking affordability and access to core urban areas.
Monthly Statistics for Condo Below $428k
Home Demand
Index
Index
108
(Steady)
Home Demand Index
from prior month
from prior month
106
Home Demand Index
from prior year
from prior year
77
Months of
Inventory
Inventory
3.8
Average daily inventory last month
1,070
Inventory sold
last month
last month
281
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | November 2025
Condo Above $428k
The index for luxury condos in Philadelphia is 112, down from 120 last month but well above last year’s level of 80. The month-over-month decline suggests a slight cooling in demand, likely reflecting normal seasonal adjustments at the higher end of the market. Despite the decrease, the year-over-year rise underscores continued strength in luxury buyer activity compared with the prior year.
Monthly Statistics for Condo Above $428k
Home Demand
Index
Index
112
(Moderate)
Home Demand Index
from prior month
from prior month
120
Home Demand Index
from prior year
from prior year
80
Months of
Inventory
Inventory
6.1
Average daily inventory last month
313
Inventory sold
last month
last month
51
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | November 2025
Townhouse/Rowhouse/Twin All prices
Townhouse/
Rowhouse/Twin
All prices
The index for townhouses, rowhouses, and twins in Philadelphia stands at 88, down from 91 last month but above last year’s level of 78. The modest month-over-month decline reflects easing seasonal activity, while the year-over-year increase signals sustained buyer interest in this segment. Overall, attached homes continue to appeal to buyers seeking a balance of space, affordability, and location within the metro area.
Monthly Statistics for Townhouse/Rowhouse/TwinAll prices
Home Demand
Index
Index
88
(Slow)
Home Demand Index
from prior month
from prior month
91
Home Demand Index
from prior year
from prior year
78
Months of
Inventory
Inventory
3.7
Average daily inventory last month
6,903
Inventory sold
last month
last month
1,858
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Note
1. This report is generated with data from the following counties:
- Central Pennsylvania – Adams, PA; Berks, PA; Cumberland, PA; Dauphin, PA; Franklin, PA; Fulton, PA; Lancaster, PA; Lebanon, PA; Perry, PA; Schuylkill, PA; York, PA;
- Ocean County – Ocean, NJ;
- Philadelphia Metro – Bucks, PA; Burlington, NJ; Camden, NJ; Chester, PA; Delaware, PA; Gloucester, NJ; Kent, DE; Mercer, NJ; Montgomery, PA; New Castle, DE; Philadelphia, PA;
- Salem-Cumberland – Cumberland, NJ; Salem, NJ;
2. This report is for the November 2025 period with data collected from the previous month.
Released: November 10, 2025
Reference ID: 2331
Philadelphia | November 2025
Home Demand Map (Zip Codes)
Buyer demand across the Philadelphia metro continues to show geographic variation. Steady activity persists in core counties such as Bucks, Montgomery, Chester, Kent, Delaware, and New Castle, while Philadelphia County remains slower due to affordability challenges and selective buyer behavior. In contrast, New Jersey counties and coastal areas like Ocean County remain in the limited-demand range, underscoring continued caution among discretionary buyers.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com