March 2025 Market Statistics

Real Estate Market– March 2025
Your Local Update Across PA & NJ

The spring market is off to a dynamic start across Pennsylvania and New Jersey. While some counties are seeing strong momentum in pricing and buyer activity, others are navigating shifts in inventory and days on market. Here’s a breakdown of what’s happening in each local market we serve:

Bucks County, PA

Bucks County saw a 3.1% increase in median sold price, reaching $467,000. While the number of homes sold dipped slightly by 1.1%, the market experienced a healthy rise in available inventory—active listings are up 12.5%, giving buyers more choices. Homes spent an average of just 9 days on the market, one day longer than the previous year. Notably, sellers are seeing strong returns, with the list to sold price ratio climbing to 100.5%, a 1.06% increase month over month—indicating that many homes are selling above asking.

Montgomery County, PA

Montgomery County’s market continues to show resilience, with the median sold price up 3.8% to $440,000. Though home sales declined 4.8% year over year, inventory has increased by 7.8%, helping to balance supply and demand. Homes are moving quickly with a median of just 8 days on market, up one day from last year. Sellers are in a strong position, with a list to sold price ratio of 101.3%, up 1.84% from last month—suggesting competitive bidding continues in many areas.

Berks County, PA

Berks County experienced robust price growth, with the median sold price jumping 7.8% to $274,950. Home sales were also up by 5.4%, showing buyer demand remains strong. Active listings rose slightly by 1.5%, while the average days on market crept up by 2 days to 10. The list to sold price ratio saw a slight decline month over month, down 1.76% to 99.7%, though still reflecting near-full asking price sales.

Philadelphia County, PA

Philadelphia’s market delivered a 7.7% increase in median sold price, now at $280,000. Despite a 2.5% dip in homes sold, inventory rose by 8.2%, totaling over 4,100 active listings. Buyers appear to be moving quickly, with days on market down by 5 days to an average of 26. The list to sold price ratio improved slightly to 98.2%, up 0.77% from the previous month.

Chester County, PA

Chester County continues to thrive with steady home values. The median sold price held firm at $500,000. Sales volume increased 5.4%, and inventory surged 21.1%—a welcome shift for buyers seeking more options. Homes are selling swiftly, with a median of just 6 days on the market, unchanged from last year. The list to sold price ratio rose to 101.8%, up 0.91% month over month, confirming that well-priced homes are often drawing competitive offers.

GLVR (Lehigh Valley, PA)

The Lehigh Valley market posted a 4.3% year-over-year increase in median sold price, bringing it to $350,000. However, home sales dropped 7.8% while inventory declined significantly by 14.4%. Homes are taking longer to sell, with average days on market up 34.8% to 31. The list to sold price ratio dipped slightly year over year to 100%, but overall, the market remains stable despite tighter supply.

Ocean County, NJ

In Ocean County, the median sold price dipped 0.9% to $525,000, while the number of homes sold climbed by 6.9%. Active listings rose by 13.3%, giving buyers more options heading into spring. Homes are selling faster, with the median days on market down by 9 days to just 30. Sellers continue to fare well with a list to sold price ratio of 98.8%, up 0.16% month over month.

Mercer County, NJ

Mercer County saw solid gains across most metrics, with a 6.6% increase in median sold price to $405,000 and a 2.5% uptick in home sales. Inventory jumped significantly by 44.8%, providing more balance to the market. Homes spent an average of 20 days on market, 5 days more than last year. The list to sold price ratio remains strong at 101%, despite a small month-over-month dip of 0.1%.

Hunterdon County, NJ

Hunterdon County saw a notable shift this month, with the median sold price falling by 20.3% to $434,500—likely due to the limited number of homes sold. That said, sales volume increased 20%, while inventory decreased by 16.7%. Days on market shortened by 5 days to 14, suggesting faster-moving transactions. Sellers are still seeing strong results, with a list to sold price ratio of 102.2%, up 1.27% month over month, one of the highest in the region.

Final Thoughts

Across the board, many markets are welcoming increased inventory and rising price trends, with several areas showing strong competition among buyers. Whether you’re considering buying, selling, or investing this season, understanding your local market is key. Reach out to your Coldwell Banker Hearthside professionals for expert insights and guidance tailored to your goals.

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