Philadelphia, PA metro area Housing Market
Cool MarketComprehensive housing market data for the Philadelphia, PA metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$287K
↑ 10.0% YoY
Days on Market
61 days
↑ 15.1% YoY
Active Inventory
5,182
↑ 0.7% YoY
Homes Sold
1,177
↓ 11.0% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Philadelphia, PA metro area Market Summary
The Philadelphia, PA metro area housing market is cooling down. As of January 2026, the median home sale price is $287K, up 10.0% year-over-year. Homes are spending a median of 61 days on the market, 15.1% longer than a year ago.
There are 5,182 homes for sale — 0.7% more than last year. With 4.4 months of supply, this is a balanced market. 1,748 new listings were added during this period, down 5.8% year-over-year.
Homes are selling for 97.3% of their list price on average, suggesting room for negotiation. 21.6% of homes sell above their asking price. 25.7% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
78
Contributing Factors
How This Market Compares
vs. National Median
vs. Pennsylvania Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 32% below the national median, which could indicate stronger cash flow potential.
Philadelphia, PA metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$279K
Price per Sq Ft
$204
Sale-to-List Ratio
97.3%
Months of Supply
4.4
Sold Above List
21.6%
Price Drops
25.7%
New Listings
1,748
↓ 5.8% YoY
Pending Sales
1,460
Off Market in 2 Weeks
31.8%
Other Markets in Pennsylvania
Pittsburgh, PA metro area
$229K · 77d on market
Montgomery County, PA metro area
$489K · 47d on market
Allentown, PA metro area
$350K · 28d on market
Harrisburg, PA metro area
$270K · 31d on market
York, PA metro area
$301K · 26d on market
Scranton, PA metro area
$230K · 34d on market
Lancaster, PA metro area
$322K · 16d on market
Reading, PA metro area
$296K · 23d on market
Analyze a deal in Philadelphia, PA metro area
Calculate cash flow, Cap Rate, DSCR, and Cash-on-Cash Return for any rental property — free and instant.
Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.