Fairmount-Art Museum currently leans toward sellers, with the market gauge at 26 and conditions tighter than the broader Philadelphia market. Months of supply sits at 4.2 in this rolling three-month view, notably lower than Philadelphia’s 5.5 months, signaling less available inventory relative to demand. Buyers face modestly constrained options, even as some pricing pressure has eased compared with earlier in the year.
Price trends show a mixed picture over the past year. The typical home value over this rolling period is about $429,000, down slightly year over year by roughly 5 percent, while the median list price is up nearly 12 percent, indicating sellers are still testing higher asking prices. Homes are taking a bit longer to sell, with median days on market at 55 and up slightly from a year ago, suggesting buyers have more time to make decisions.
Activity has cooled compared with last year, as homes sold, new listings, and pending sales are each down around 7 percent year over year in this three-month window. Even with that slowdown, competition has intensified: about 37 percent of homes sold above list price, up sharply from roughly 20 percent a year earlier, and the average sale-to-list ratio is essentially at full asking. With conditions differing for each property and situation, both buyers and sellers can benefit from Agent Pronto’s help in finding a Fairmount-Art Museum agent who knows how to navigate this evolving market.
