New Construction Homes for Sale in Philadelphia, PA

While the housing market remains competitive in Philadelphia, home sales of new construction homes were less aggressive. In 2022, 679 new construction homes were sold, but that number dropped 12% in 2023. The majority of these sales were townhomes and condos (single family residences represented only 4% of sales). However, the new construction homes tend to sell more quickly, with a median 36 days on the market. Pricing for new construction homes skews toward the higher end, compared to similar homes elsewhere in Pennsylvania ($550,000 median price in 2023). About one-third of the new construction homes sold in Philadelphia came with an HOA, which might cover amenities such as landscaping, maintenance, a reception desk, gym, and pool.