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The early spring market across Pennsylvania and New Jersey is moving fast. We are seeing a consistent trend of tightening inventory paired with steady price growth, creating a unique window of opportunity for both buyers and sellers.
At Coldwell Banker Hearthside, our agents are local experts in these very neighborhoods. Whether you are navigating the supply crunch in the Lehigh Valley or the pricing surge in Mercer County, our team is on the ground and ready to help you win today.
Regional Performance Snapshot
Across our core service areas, active listings are generally lower than last year, keeping competition high and days on market low.
| County | Median Sold Price | Price Change (YoY) | Closed Sales | Months Supply |
|---|---|---|---|---|
| Bucks, PA | $470,000 | +2.2% | 279 | 1.12 |
| Chester, PA | $526,000 | +6.3% | 290 | 1.18 |
| Montgomery, PA | $435,000 | -2.7% | 407 | 1.13 |
| Berks, PA | $286,250 | +10.1% | 238 | 0.91 |
| Philadelphia, PA | $267,500 | +2.9% | 759 | 3.31 |
| Hunterdon, NJ | $679,500 | -57.0%* | 4 | 1.60 |
| Mercer, NJ | $477,115 | +13.6% | 143 | 1.77 |
| Ocean, NJ | $523,950 | +2.7% | 109 | 2.15 |
| Somerset, NJ | $800,000 | -0.8% | 9 | 1.67 |
*Note: The unusual percentage drop in Hunterdon is due to a small sample size (4 sales) and a high-end luxury outlier in Feb 2025.
Top Market Insights
- The Speed of Berks County: Berks is currently the tightest market in our region with a 0.91-month supply. Homes are moving in an average of just 14 days, with median prices up over 10%.
- Steady Gains in PA Suburbs: Bucks and Chester Counties continue to show healthy, consistent growth with prices up 2.2% and 6.3% respectively. Inventory remains low, hovering just above a 1-month supply in both areas.
- The Mercer County Surge: Sellers in Mercer County saw a massive 13.6% jump in median sold prices this month. Demand is high, and the time a home stays on the market is dropping.
- Philadelphia Opportunities: For buyers looking for more options, Philadelphia offers a more balanced 3.31-month supply. While new listings dipped, median prices still climbed nearly 3%.
Why Work with Coldwell Banker Hearthside?
Real estate looks simple on paper, but the local nuances in markets like these require a professional who shows up.
- For Sellers: With inventory levels down across most of our markets, you have the leverage. Our agents use professional marketing to ensure you command top dollar in these low-supply conditions.
- For Buyers: While competition is fierce, affordability conditions are beginning to improve—specifically in the Lehigh Valley where the Affordability Index rose 12.3% this month. We have the tools and the network to find you the right home even before it hits the open market.
Our agents are ready to help you navigate this market right now. Whether you’re curious about your home’s current value or ready to find your next move, reach out to a Coldwell Banker Hearthside expert today.
