Philadelphia area homebuyers, along with those across the Northeastern United States, face among the stiffest competition compared to other parts of the nation, writes Michaelle Bond for The Philadelphia Inquirer.

This is according to a new Zillow analysis.

The analysis, which looked at activity on its website in March, found that there are between five and six engaged shoppers for every home on the market nationwide.

However, the Philadelphia metro area — including Camden and Wilmington — had about eight engaged home shoppers per listing.

Engaged shoppers refers to people who have shared or saved a home listing.

“When you have lots of buyer competition, lots of eyeballs on listings,” markets tend to have more homes selling above list price because of bidding wars, said Kara Ng, a senior economist at Zillow.

Philadelphia region homes also sold for more than the asking price more frequently than nationwide.

While nationally, 27 percent of homes sold in March 2025 sold for more than the final listing price, that percentage is at 42 percent in Philly.

Furthermore, Philly homes spent a median of eight days on the market before a pending sale, about half the national median.

Read more about how Philly homes fare on the market compared to those in other metro cities in The Philadelphia Inquirer.

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