Philadelphia - PA housing market
The Philadelphia metro has a typical home value of $392,329, up 2.5% from a year ago. Homes are moving fast at 12 days on market, a strong seller's market. 24% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($392,329) is the Zillow Home Value Index for the Philadelphia - PA metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 2.5% over the past year. In Philadelphia - PA, that means a home worth $382,760 last year is now worth roughly $392,329.
The median sale price, what homes actually close for, is $363,670. Homes are selling at 100.2% of list price, meaning buyers are typically paying at or above asking.
Homes listed in Philadelphia - PA sit on the market for roughly 12 days before going pending. Shorter = seller's market; longer = buyer's market.
About 24.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 6,940 new listings hit the market each month in Philadelphia - PA. There are currently 16,933 homes for sale, up 8.1% from a year ago.
The typical monthly rent in Philadelphia - PA is $1,925, up 3.6% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 17.0x, toss-up (#98 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.66% 30-year rate, runs about $2,017 a month in principal and interest, $92 more than renting before taxes, insurance and upkeep. The two break even at a 6.21% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →
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Other metros in PA
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Pittsburgh - PA | $231,708 | +0.3% | 11.0d |
| Allentown - PA | $368,621 | +3.2% | 9.0d |
| Harrisburg - PA | $312,861 | +3.1% | 8.0d |
| Scranton - PA | $230,799 | +1.9% | 13.0d |
| Lancaster - PA | $390,025 | +4.6% | 6.0d |
| York - PA | $312,066 | +3.2% | 6.0d |