Philadelphia New Construction Market Update (February 5th, 2025)

Author

Marco Di Gabriele
February 05, 2025

Table of Contents

Showing Activity Report (1/12 - 1/18)

Showing activity continued to dip this week, and is down about 15% from two weeks prior. Despite a hot start to the year during the first two weeks of January, showing activity is down about 12% YOY compared to 2024 during the same period of time.

So far this year, the hottest zip codes in terms of showings has been as follows:

  • 19146: Total Showings: 1,329 | Showing Market Share: 11%

  • 19147: Total Showings: 1,224 | Showing Market Share: 10.1%

  • 19148: Total Showings: 1,129 | Showing Market Share: 9.3%

  • 19128: Total Showings: 994 | Showing Market Share: 8.2%

  • 19125: Total Showings: 969 | Showing Market Share: 8%

Overall Philadelphia New Construction Market Stats:

(Rolling Statistics - Past 365 Days)

Something to note. On average, new construction listings active, pending, and sold are all spending well over 100 cumulative days on market. It is currently taking a long time to sell new construction homes, much longer than standard retail residential properties.

New Construction Neighborhood Market Reports (Rolling 180 Days)

Northern Liberties / Fishtown / Olde Kensington (19123, 19125, & 19122)

Graduate Hospital / Queen Village (19146 & 19147)

Spring Garden / Fairmount (19130)

South Philly (19145 & 19148)

Brewerytown / Strawberry Mansion / Sharswood (19121)

Rittenhouse / Logan Square (19103)

Port Richmond / Kensington / Bridesburg (19134 & 19137)

Old City / Washington Square West (19106 & 19107)

Manayunk / Roxborough (19127 & 19128)

East Falls / Germantown (19129 & 19144)

Chestnut Hill (19118)

Mount Airy (19119)

Northeast Philly (19114, 19115, 19152, 19154)

University City / West Philly (19104, 19139, & 19143)

About The Author - Marco A. Di Gabriele

  • Marco is a real estate agent, developer, and entrepreneur who specializes in New Construction Sales in the Greater Philadelphia Area.

  • Marco has overseen the sales of over $100mil in New Construction sales over the past 5 years as the Director of New Construction & Development Sales on the Rarity Real Estate Team.

  • Rarity Real Estate has sold $880M in Real Estate in the Greater Philadelphia Area since 2020, and is a Top 25 Ranked Team in Keller Williams International.