TruView Realty

Spring momentum dips in the Philadelphia metro
with watchful consumers. There were 6,549 new
pending sales in April 2025, higher than March, but
lower than April 2024 (-2.7%). The number of
closed sales edged ahead for April, up 0.9% yearover-year, making the Philadelphia metro area one
of the few areas in the Mid-Atlantic where closed
sales surpassed last year.

Growing supply has provided buyers with more
choices in the Philadelphia metro. The number of
active listings at the end of April 2025 was 17.0%
higher than last year. There were 7,904 new listings
in April, which was slightly ahead of last year
(+0.7%).

The market is starting to shift, giving buyers more
leverage. The median days on market is two days
slower than last year. However, home prices are
still rising. The median sold price in the region was
$383,000 in April, up 5.5% year-over-year

Thinking about buying a home in New Jersey but don’t know if you should go for a condo or a house? Let’s break it down so you can make the right choice for you!

In New Jersey, the real estate market is buzzing with activity—closed sales for single-family homes have gone up by 11.4% year-over-year, and townhouse-condo sales have surged by 16.5%. While single-family homes have a median price of $560,000, you might find townhouse-condos more wallet-friendly with a median price of $430,000. But how do you choose which is better for you?

Picture this: you love the idea of having your yard or maybe your kiddo wants a space to play. In that case, a single-family home might be calling your name. But if you’re in need of something more affordable or perhaps a home that's easier to maintain, a condo could be the way to go.

Think about your lifestyle. If you’re after less maintenance and a community vibe, condo living offers perks like shared amenities which can be a hit! On the other hand, if personal space and privacy are top of your list, single-family homes offer room to breathe.

Consider your budget. While the initial cost of purchasing a house might be higher, don’t forget to factor in HOA fees that often come with condos.

Location, location, location! Condos are sometimes in more urban areas, making it easy to walk or bike to local spots. Houses may be off the beaten path but offer a tranquil escape from the hustle and bustle.

Stay open-minded. The inventory for homes has grown slightly, providing more options for buyers. Whether it’s a townhouse, condo, or single-family home, being flexible can lead you to a fantastic place.

If you're ready to explore the market, whether in Pennsylvania or New Jersey, reach out, and let's chat about how you can find the perfect spot for your lifestyle and budget.