February 2025 Market Statistics

Real Estate Market Trends Across PA and NJ

As we move further into 2025, the real estate market continues to evolve, with some areas seeing price appreciation while others experience shifts in inventory and sales volume. Here’s a detailed look at how different counties in Pennsylvania and New Jersey performed in February 2025.

Bucks County, PA

Bucks County’s real estate market showed steady growth, with the median sold price rising to $460,000, a 2.2% increase from last year. The number of homes sold climbed 4.8% to 305, signaling a healthy demand. Inventory expanded significantly, with active listings up 16.2% to 546, offering buyers more options. The median days on market (DOM) increased slightly to 12 days, up by just two days from the previous year. Meanwhile, the list-to-sold price ratio dipped marginally to 99.5%, reflecting a slight 0.36% month-over-month decline.

Montgomery County, PA

Montgomery County experienced a strong price increase, with the median sold price reaching $447,000, up 6.4% from last year. Sales volume also grew, with 448 homes sold, a 3.2% year-over-year rise. However, active listings dropped 7.6% to 725, indicating a tighter market. Homes took an average of 19 days to sell, eight days longer than last year, showing a shift in buyer behavior. The list-to-sold price ratio remained stable at 99.5%, down slightly by 0.06% from last month.

Berks County, PA

The median sold price in Berks County rose 4% to $260,000, reflecting continued appreciation. However, home sales dropped significantly by 17.2%, with only 202 homes sold in February. Inventory saw a modest 6.2% increase, with 309 active listings available. Homes spent an average of 11 days on the market, unchanged from last year. The list-to-sold price ratio jumped to 101.4%, a notable 1.26% increase from the previous month, suggesting buyers are competing aggressively for available homes.

Philadelphia, PA

Philadelphia’s housing market continued its upward price trend, with the median sold price rising 4% to $260,000. However, the number of homes sold fell 5.9% to 796, indicating a slight slowdown in transactions. Active listings increased 5.9% to 4,060, expanding buyer options. The median DOM extended by six days to 44, showing a slight cooling of demand. The list-to-sold price ratio edged up to 97.5%, reflecting a 0.06% month-over-month increase.

Chester County, PA

Chester County saw a dip in its median sold price, decreasing 2.3% to $495,000. Despite the price drop, home sales surged 15% to 283, indicating strong buyer interest. Active listings saw a dramatic 25.7% increase, reaching 606 homes on the market. The median DOM remained steady at 11 days, showing no significant change in market speed. The list-to-sold price ratio rose to 100.4%, up 0.63% month-over-month, highlighting a competitive environment.

Greater Lehigh Valley (GLVR)

The Greater Lehigh Valley experienced strong price growth, with the median sold price jumping 9.7% year-over-year to $350,000. Sales increased by 2.2% to 369, while active listings dropped 10% to 548, tightening market conditions. The average DOM increased by 29.2% to 31 days, indicating that homes are taking longer to sell. The list-to-sold price ratio dipped slightly to 100.2%, down 0.3% year-over-year.

Ocean County, NJ

Ocean County saw significant price appreciation, with the median sold price rising 13.6% to $510,000. Home sales increased by 3.8% to 109, while active listings climbed 8.2% to 407. The median DOM rose slightly to 40 days, up by four days compared to last year. The list-to-sold price ratio declined slightly to 98.7%, reflecting a 0.31% month-over-month drop.

Mercer County, NJ

Mercer County’s median sold price rose 7.7% to $420,000, reflecting continued market strength. However, home sales dropped 19.3% to 146, suggesting a potential slowdown in buyer activity. Active listings surged 38.4% to 440, increasing available inventory. The median DOM rose significantly by 17 days to 35, indicating longer selling times. Meanwhile, the list-to-sold price ratio jumped to 101.3%, a 1.6% month-over-month increase, showing that homes are still fetching competitive prices.

Hunterdon County, NJ

Hunterdon County witnessed a remarkable price surge, with the median sold price skyrocketing 161.2% to $1,580,000. However, home sales declined sharply, with only five transactions recorded—a 44.4% drop. Active listings also fell 31% to just 29 homes on the market, creating an extremely limited inventory. Homes took an average of 106 days to sell, up 90 days from last year, indicating a dramatic slowdown. The list-to-sold price ratio rose to 100.7%, up 2.08% month-over-month, showing that despite long market times, homes are still selling near their asking prices.

Final Thoughts Regarding this Market

February 2025’s real estate market continues to show mixed trends, with price growth in most areas but variations in sales volume and inventory levels. While some counties, like Hunterdon, saw dramatic price increases, others, like Chester, experienced slight declines. Inventory remains a critical factor in shaping market conditions, and as we move into the spring season, it will be crucial to watch how demand and supply balance out. Whether you’re a buyer or seller, understanding these local trends will help you make informed real estate decisions.

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