Greater Philadelphia ranked on Zillow’s top 5 housing markets for 2025, coming in fifth among the nation’s 50 most populous metro areas, writes Michaelle Bond for The Philadelphia Inquirer.
The region’s housing affordability compared to nearby markets, combined with low inventory and high demand, makes the Philadelphia metro area one of the most competitive markets in the nation.
Zillow based the ranking on predictions of home value growth, the speed of home sales, expected growth in homeowner households, and job creation compared to new home permits.
“Philly happens to be one of those markets where buyers are kind of starved for housing inventory,” said Orphe Divounguy, a senior economist at Zillow. “The gap between supply and demand has closed a little bit, but just not as fast as in markets across the country.”
In addition to the low housing supply, Greater Philadelphia appeals to buyers seeking more affordable homes, particularly as job growth outpaces new home permits.
The strong demand leaves less time for buyers to make decisions than in other major metropolitan areas, which reduces the number of days of homes on the market. A typical home in the region stays on the market for just 21 days, compared to 37 days nationwide.
Read more about the housing market in The Philadelphia Inquirer.
