As we move into the final stretch of summer, the real estate market in both Philadelphia and the New Jersey Shore continues to show resilience and strength. Whether you’re buying, selling, or just keeping tabs on the market, August offers some key insights for homeowners and investors alike.

Philadelphia: Steady Demand in Vibrant Neighborhoods

In Philadelphia, buyer activity remains robust, particularly in neighborhoods like Fishtown, Graduate Hospital, Old City, and Fairmount. These areas continue to attract attention for their walkability, thriving food and arts scenes, and easy access to Center City.
As of this month, the median sales price in these core neighborhoods is $450,000, with 231 homes sold and an average of 49 days on the market. This consistent pace suggests a healthy balance between supply and demand, with first-time buyers and move-up buyers remaining active despite the seasonality that typically slows sales in late summer.

Jersey Shore: High-End Homes and More Time to Buy

Meanwhile, the Jersey Shore—particularly Ventnor, Margate, and Longport—continues to perform well, especially in the luxury market. Waterfront and vacation properties are drawing serious interest, though buyers are taking a bit more time to make decisions.
The combined median sales price for homes in these shore towns is approximately $1,023,000, with 45 homes sold in June alone. Properties here are staying on the market longer than last year, now averaging 74 days, which is 17 days more than the same period in 2024. For buyers, this presents an opportunity: less competition and more time to make the right move.

What This Means for You

Whether you’re considering a new home in the city, eyeing an investment property by the beach, or wondering how much equity your current home has gained, these market trends highlight the ongoing strength and opportunity across both regions.

Ready to Make Your Move?

If you’re curious about what these numbers mean for your specific situation, let’s talk. Whether you’re buying, selling, or investing in Philadelphia or the Shore, I’m here to guide you through every step.