Is Philadelphia a buyer's or seller's market right now?

Philadelphia is currently a seller's market with 2 months of supply. Homes are selling at 72.1% of list price. The Ridley Sell Score for Philadelphia is 49/100 (Cooling), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Philadelphia?

The median home price in Philadelphia is $108,150, down 49.1% year-over-year. The median price per square foot is $49. Homes sell in a median of 112 days with a sale-to-list ratio of 72.1%.

How much does it cost to sell a home in Philadelphia, New York?

On a $108,150 home in Philadelphia, a traditional listing agent charges around $3,245 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $8,652 or more. With Ridley Essentials ($999) you save $2,246, and with Ridley Pro ($3,499) you save -$254 while getting full agent support.

How does Ridley's flat fee compare to a traditional Philadelphia agent?

A traditional Philadelphia listing agent typically charges 3% of the sale price — about $3,245 on a $108,150 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $2,246–-$254 compared to a traditional agent.

How long does it take to sell a home in Philadelphia?

The median home in Philadelphia currently spends 112 days on the market before going under contract, down 50% from last year. At a 72.1% sale-to-list ratio, sellers are seeing some negotiation.

Do I need a real estate agent to sell in New York?

No. New York does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $108,150 home, that could save you up to -$254.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in New York. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $3,245 commission.

National/New York

Philadelphia, NY

Is Now a Good Time to Sell in Philadelphia, New York?

The median home in Philadelphia sells for $108,150 with prices down 49.1% year-over-year. The average seller pays $3,245 in commissions — Ridley’s flat fee saves you -$254.

Philadelphia Real Estate Market Conditions — April 2026

49out of 100

Ridley Sell Score

How it's scored →

Cooling

49/100

The market is shifting — strategic pricing and presentation matter more.

What this means for sellers

The Philadelphia market is cooling, and sellers need to be strategic. Buyers have more options and are negotiating harder. Invest in staging and professional photography to differentiate your listing. Flexibility on terms can make the difference in attracting serious buyers.

Inventory TightnessFavors sellers

2 months of supply — below the 5-month balanced threshold — 17% below the New York average of 2.4.

Price MomentumFavors buyers

Prices down 49.1% year-over-year — vs. +16.2% statewide.

Seller LeverageFavors buyers

Homes selling at 72.1% of asking — buyers are negotiating 27.9% below list. New York average is 98.4%.

Bidding ActivityFavors buyers

0% of homes selling above list price — 100% below the New York average of 33.9%.

Sale SpeedFavors buyers

112 median days on market — 36 days slower than the New York average.

Market UrgencyFavors buyers

0% of listings go pending within 2 weeks — vs. 16.2% statewide.

Price StabilityFavors sellers

Only 0% of listings have dropped their price — sellers are holding firm. New York average is 13.1%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$108,150

-49.1%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

112

-50%

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$49

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

72.1%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

Seller’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Not Very Competitive

Data updated April 2026

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Personalized pricing signals, demand shifts, and Sell Score changes for Philadelphia — delivered monthly.

Your savings

How much can you save selling your home in Philadelphia?

The average Philadelphia homeowner saves -$254 by selling with Ridley instead of paying the traditional 3% listing commission on a $108,150 home.

$0Estimated savings

That covers your moving costs — save -0.2% of your home value

Your Philadelphia home value

$108,150

$50,000$10M

Traditional Agent (3%)

$3,245

Ridley Pro (flat fee)

$3,499

Ready to sell in Philadelphia?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

How much does it cost to sell a house in Philadelphia?

The total cost to sell a house in Philadelphia in 2026 ranges from $999 with Ridley Essentials to approximately $3,245 with a traditional 3% commission on a $108,150 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$3,245	$3,499	$999	$0
Buyer agent	$3,0282.8% avg	$2,163~2% avg	$2,163~2% avg	$3,0282.8% avg
Closing costs (~1.5%)	$1,622	$1,622	$1,622	$1,622
Total cost	$7,895	$7,284	$4,784	$4,650
Net proceeds	$100,255	$100,866	$103,366	$103,500
You save	—	$611	$3,111	$3,245No support