Philadelphia - PA housing market
The Philadelphia metro has a typical home value of $386,647, up 2.6% from a year ago. Homes are moving fast at 11 days on market - a strong seller's market. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($386,647) 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 2.6% over the past year. In Philadelphia - PA, that means a home worth $376,849 last year is now worth roughly $386,647.
The median sale price , what homes actually close for , is $358,995. Homes are selling at 98.5% of list price, meaning buyers have room to negotiate.
Homes listed in Philadelphia - PA sit on the market for roughly 11 days before going pending. Shorter = seller's market; longer = buyer's market.
About 19.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 5,785 new listings hit the market each month in Philadelphia - PA. There are currently 13,560 homes for sale, up 3.3% from a year ago.
The typical monthly rent in Philadelphia - PA is $1,901, up 3.5% 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 | $228,113 | +1.1% | 15.0d |
| Allentown - PA | $360,509 | +3.0% | 10.0d |
| Harrisburg - PA | $308,987 | +3.6% | 8.0d |
| Scranton - PA | $223,921 | +1.6% | 17.0d |
| Lancaster - PA | $385,243 | +4.5% | 5.0d |
| York - PA | $307,295 | +3.7% | 7.0d |