Market Updates September 22, 2026

Greater Philadelphia & New Jersey Housing Market Update: August 2026

At Coldwell Banker Hearthside, our mission is to empower home buyers and sellers with the clearest, most reliable local market insights. Whether you are looking to purchase your dream home or maximize the equity in your current property, our expert agents are ready to help you navigate your real estate journey across Pennsylvania and New Jersey.

Below is an in-depth breakdown of the August 2026 housing market statistics across our core service areas.

Regional Market Highlights

Region / County Median Sold Price Price YoY Change Active Listings Inventory YoY Change Median Days on Market

Berks County, PA

$325,000 +5.5% 512 +3.0% 6 days

Bucks County, PA

$530,000 0.0% 981 +20.5% 8 days

Chester County, PA

$570,000 0.0% 864 +8.7% 7 days

Greater Lehigh Valley, PA

$379,000 +9.2% 893 +8.2% 19 days

Hunterdon County, NJ

$742,000 -1.1% 43 -28.3% 29 days

Mercer County, NJ

$488,151 -3.3% 785 +26.2% 18 days

Montgomery County, PA

$508,750 +7.1% 1,212 +6.2% 8 days

Philadelphia County, PA

$290,000 +5.5% 4,963 +11.1% 26 days

Somerset County, NJ

$1,023,812 -13.1% 72 +67.4% 17 days

Regional Summary Market

$325,000 +8.33% 1,541 -5.8% 23 days (Median CDOM)

Detailed Local Market Breakdowns

📍 Pennsylvania Service Areas

  • Bucks County, PA: Bucks County saw steady home prices with a $530,000 median sold price. A 20.5% increase in active listings (981 available properties) provides buyers with more options, while properties continue to move fast at a median of 8 days on the market.

  • Montgomery County, PA: Home values rose steadily with the median sold price climbing 7.1% year-over-year to $508,750. Homes sold rapidly in an average of 8 days, with 856 closed sales completed during the month.

  • Chester County, PA: Chester County maintained strong value with a median sold price of $570,000. Active inventory expanded 8.7% to 864 homes, giving buyers additional choices in a market where homes move in just 7 days.

  • Berks County, PA: Berks County experienced solid growth, with closed sales up 1.5% to 394 and the median price growing 5.5% to $325,000. Homes sold at a rapid pace of just 6 median days on the market.

  • Philadelphia County, PA: Philadelphia saw a 5.5% jump in median sale prices to $290,000. Inventory expanded 11.1% to 4,963 active listings, offering buyers a healthy supply (4.38 months of supply) with a median time on market of 26 days.

  • Greater Lehigh Valley, PA: Covering Lehigh and Northampton counties, the region experienced strong price appreciation with the median sales price rising 9.2% year-over-year to $379,000. Inventory increased 8.2% to 893 available homes.

📍 New Jersey Service Areas

  • Mercer County, NJ: Active listings expanded by 26.2% up to 785 homes, bringing inventory supply to 3.05 months. The median sold price stood at $488,151, with homes remaining on the market for a fast 18 days.

  • Hunterdon County, NJ: Demand remains strong while supply stays tight. Pending sales surged 47.1% year-over-year while active listings dropped 28.3% to 43 homes, holding the median sold price high at $742,000.

  • Somerset County, NJ: Higher-end luxury demand saw new pending sales jump 33.3% and new listings surge 40.0%. Active listings grew to 72 homes, with a median sold price of $1,023,812.

What This Means for Buyers and Sellers

  • For Sellers: Low days on market in key counties (ranging from 6 to 8 days in Bucks, Montgomery, Chester, and Berks) indicate that properly priced homes continue to attract eager buyers quickly.

  • For Buyers: Increasing active inventory across several sub-markets—such as Bucks (+20.5%), Mercer (+26.2%), and Somerset (+67.4%)—gives you more room to explore options and find the perfect property.

Ready to Make Your Next Move?

No matter where you are in Pennsylvania or New Jersey, local market conditions require specialized experience and hyper-local strategy.

Coldwell Banker Hearthside agents are in your neighborhood and ready to help you buy or sell today. Contact your local Coldwell Banker Hearthside advisor to discuss what these numbers mean for your specific property goals!