Philadelphia - PA housing market
The Philadelphia metro has a typical home value of $390,463, up 2.5% from a year ago. Homes are moving fast at 9 days on market - a strong seller's market. 21% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($390,463) 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 $380,940 last year is now worth roughly $390,463.
The median sale price , what homes actually close for , is $357,679. Homes are selling at 99.1% of list price, meaning buyers have room to negotiate.
Homes listed in Philadelphia - PA sit on the market for roughly 9 days before going pending. Shorter = seller's market; longer = buyer's market.
About 21.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 7,015 new listings hit the market each month in Philadelphia - PA. There are currently 15,288 homes for sale, up 5.3% from a year ago.
The typical monthly rent in Philadelphia - PA is $1,914, up 3.6% 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 | $231,356 | +0.8% | 9.0d |
| Allentown - PA | $363,989 | +3.0% | 8.0d |
| Harrisburg - PA | $312,126 | +3.5% | 7.0d |
| Scranton - PA | $227,793 | +1.0% | 14.0d |
| Lancaster - PA | $388,207 | +4.6% | 5.0d |
| York - PA | $309,967 | +3.6% | 6.0d |