Philadelphia New Construction Market Update (March 12th, 2025)

Author

Marco Di Gabriele
March 12, 2025

Table of Contents

Showing Activity finally popped above the 5,500 showing per week mark last week for the first time in 2025, and for the first time since May of 2024.

Last year, we hit above 6,000 showings per week on the week of Feb 18th, which tells us that we may be seeing a slight lag in our kickoff to the spring market this year. In 2024, we saw showings hover right around 6,000 per week until the beginning of May, at which point showings tailed off through the summer, and for pretty much the rest of the year.

We have yet to hit the 6,000 showing per week mark in 2025, but could see that happen this week if momentum continues.

Overall Philadelphia New Construction Market Stats:

(Rolling Statistics - Past 365 Days)

Over the past 30 days, we’ve seen the inventory of New Construction homes increase by about 6%, and we’ve seen an an increase of about 15% in the amount of pending new construction properties.

The average price point of active new construction & pending new construction have both increased by roughly $50,000, with DOM coming down slightly for both categories as well.

All in all, this is a great sign that sales are starting to pick up a bit.

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.