{"id":480709,"date":"2025-12-30T19:32:10","date_gmt":"2025-12-30T19:32:10","guid":{"rendered":"https:\/\/www.europesays.com\/us\/480709\/"},"modified":"2025-12-30T19:32:10","modified_gmt":"2025-12-30T19:32:10","slug":"luxury-homes-in-the-philadelphia-area-sell-faster-than-in-most-other-markets","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/480709\/","title":{"rendered":"Luxury homes in the Philadelphia area sell faster than in most other markets"},"content":{"rendered":"

The typical luxury home in the Philadelphia region sold faster in November than in most other places, according to an analysis by Realtor.com<\/a>.<\/p>\n

Luxury homes in the Philadelphia metropolitan area sold in about two months \u2014 64 days. That\u2019s about a week quicker than at the same time last year.<\/p>\n

And it puts the Philadelphia area in the top 10 fastest-moving luxury markets<\/a>.<\/p>\n

The Philadelphia region has both a strong demand for luxury homes<\/a> and a housing supply that hasn\u2019t kept up<\/a>, which means homes that are on the market sell relatively quickly.<\/p>\n

\u00bb READ MORE: The number of Philly-area homes worth at least $1 million has almost quadrupled over the last five years<\/a><\/b><\/p>\n

Realtor.com labeled homes as luxury if their listing price was in the most expensive 10% of listings for their market. The company analyzed markets that had an average of at least 500 million-dollar listings over the 12 months through November.<\/p>\n

The country\u2019s fastest-moving luxury markets span regions and price points. The fastest was the San Jose, Calif., metro area, where luxury homes sold in November in a median of 56 days. And of the 10 fastest-selling markets, the Philadelphia metro area had the second-lowest threshold for luxury homes: $898,989.<\/p>\n

Nationally, the luxury threshold in November was about $1.2 million. And homes listed at this price and above stayed on the market for a median of 78 days.<\/p>\n

The slowest-moving metropolitan area in November was Bend, Ore., where luxury homes sold in a median of 146 days. Its luxury market started at $1.85 million.<\/p>\n

The Heber, Utah, metropolitan area had the second-slowest market last month. Luxury homes there sold in a median of 136 days.<\/p>\n

But this area outside Salt Lake City also had the most expensive luxury market in November. Its luxury threshold was about $6.6 million, which was roughly 10% higher than at the same time last year.<\/p>\n

Falling luxury prices<\/p>\n

Nationally, the threshold for what constitutes a luxury listing \u2014 roughly $1.2 million \u2014 was down 2.3% in November from the same time last year. <\/p>\n

Luxury prices in November dropped from last year in eight of the 10 most-expensive metro areas.<\/p>\n

In the region of Kahului and Wailuku on Hawaii\u2019s Maui island, the luxury price threshold of roughly $3.66 million was down 21% from last year \u2014 the steepest price drop of the markets Realtor.com analyzed.<\/p>\n","protected":false},"excerpt":{"rendered":"The typical luxury home in the Philadelphia region sold faster in November than in most other places, according…\n","protected":false},"author":3,"featured_media":480710,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5132],"tags":[5229,217818,1448,2830,1311,67,586,132,5230,68,2969],"class_list":{"0":"post-480709","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-philadelphia","8":"tag-america","9":"tag-luxury-homes-philadelphia-sale-time-housing-market","10":"tag-pa","11":"tag-pennsylvania","12":"tag-philadelphia","13":"tag-united-states","14":"tag-united-states-of-america","15":"tag-unitedstates","16":"tag-unitedstatesofamerica","17":"tag-us","18":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115810188883140748","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/480709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=480709"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/480709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/480710"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=480709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=480709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=480709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}