Philadelphia - PA housing market
The Philadelphia metro has a typical home value of $394,762, up 2.5% from a year ago. Homes are moving fast at 10 days on market, a strong seller's market. 23% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($394,762) 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 $385,134 last year is now worth roughly $394,762.
The median sale price , what homes actually close for , is $360,475. Homes are selling at 99.7% of list price, meaning buyers have room to negotiate.
Homes listed in Philadelphia - PA sit on the market for roughly 10 days before going pending. Shorter = seller's market; longer = buyer's market.
About 22.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 7,272 new listings hit the market each month in Philadelphia - PA. There are currently 16,416 homes for sale, up 7.7% from a year ago.
The typical monthly rent in Philadelphia - PA is $1,928, up 3.8% year over year. For investors, the price-to-rent ratio here is roughly 17x annual rent.
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.
Other metros in PA
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Pittsburgh - PA | $235,539 | +0.6% | 9.0d |
| Allentown - PA | $370,184 | +3.2% | 8.0d |
| Harrisburg - PA | $314,931 | +3.3% | 7.0d |
| Scranton - PA | $236,367 | +1.4% | 13.0d |
| Lancaster - PA | $392,781 | +4.7% | 5.0d |
| York - PA | $313,193 | +3.3% | 6.0d |