Philadelphia Metro Area – Overview

The following analysis of the Philadelphia Metro Area housing market has been prepared by Bright MLS and is based on January 2021 Bright MLS housing data.

Philadelphia Metro Area – Overview

Philadelphia Metro Home Sales and Median Prices January 2021

  • Sales volume climbed to a January best 5,871 homes sold, with nearly 1K more units moved than last year. Single-family home sales (3,174) rose 21.6%, a record for the month.
  • New listings of single-family homes (3,293) fell -14.3%. This was the first monthly year-over-year decline since May.
  • Gloucester County marked a ten-year best median sale price of $243.0K, up by +$4.5K from last month’s previous high.
  • Mercer County single-family units (22 days on the market) left sale over six weeks earlier than last January.

 

READ THE FULL REPORT: Bright_Report_Philadelphia_Metro_January_2021

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