The Pennsylvania Real Estate Market: 2024 Trends

I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Pennsylvania

💡 Key Pennsylvania housing market facts

Data PointValueRankCompared to National Avg
Typical Home Value $269,854[1]#34 of 50 states26.7% lower
Median Listing Price $314,900[2]#38 of 50 states29.5% lower
Median Sale Price $333,900[3]#33 of 50 states21% lower
30 Year Mortgage Rate 6.93%[4]#12 of 50 states0.7% lower
Median Days on Market 47[5]#18 of 50 states8% shorter
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🗺️ Buying a house in the Pennsylvania real estate market

Pennsylvania has an affordability score of 5.2, meaning it takes 5.2 years of the median household income ($63,627) to afford Pennsylvania's median home sale price ($333,900). Because of this, we rank Pennsylvania as the 14th most affordable state for buyers based strictly on prices compared to income.

Data PointValueRankCompared to National Avg
Median Sale Price $333,900[6]#33 of 50 states21% lower
30 Year Mortgage Rate 6.93%[7]#12 of 50 states0.7% lower
Median Household Income $63,627[8]#22 of 50 states1.4% lower
Affordability Ratio 5.2#14 of 50 states18.6% lower
Buyers Agent Commission 2.60%[9]#32 of 50 states2.4% higher
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Resources for Pennsylvania home buyers

🗺️ Selling a house in the Pennsylvania real estate market

According to our detailed survey of Pennsylvania real estate agents, listing agents (those representing the seller) charge an average commission in Pennsylvania of 2.75%, which is the 23rd lowest in the United States. Buyers' agents charge an average commission of 2.6%, which is the 19th highest in the United States.

Data PointValueRankCompared to National Avg
Median Listing Price $314,900[10]#38 of 50 states29.5% lower
Median Sale Price $333,900[11]#33 of 50 states21% lower
Median Days on Market 47[12]#18 of 50 states8% shorter
Buyer's Agent Commission 2.60%[13]#32 of 50 states2.4% higher
Listing Agent Commission 2.75%[14]#23 of 50 states1% higher
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Resources for Pennsylvania home sellers

Moving to Pennsylvania

According to our recent moving trends survey[15], Pennsylvania is the 15th most desirable state to move to, with 11% of Americans indicating that they would choose to move there if money were no object. Likewise, 9% of survey respondents indicated that they would move to Philadelphia among a choice of America's largest cities, and 6% indicated that they would move to Pittsburgh. Among medium-sized cities, 12% indicated that they would move to Allentown, and 7% indicated that they would move to Harrisburg.

Here's how Pennsylvania cities rank in a number of our research studies.

StudyBest Pennsylvania cityRank
Best Pizza Cities[16]Philadelphia4th best
Best Coffee Cities[17]Pittsburgh20th best
Best LGBTQ Cities[18]Pittsburgh13th best
Best Bike Cities[19]Philadelphia18th best
Best Commuter Cities[20]Pittsburgh11th best
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Article Sources

[1] Zillow – "Zillow Home Value Index". Updated August 31, 2024.
[2] Realtor.com – "Realtor.com Data Library". Updated August 2024.
[3] Redfin – "Redfin Data Center". Updated August 2024.
[4] Bankrate – "Bankrate". Updated September 2024.
[5] Realtor.com – "Realtor.com Data Library". Updated August 2024.
[6] Redfin – "Redfin Data Center". Updated August 2024.
[7] Bankrate – "Bankrate". Updated September 2024.
[8] US Census – "US Census, 2020 American Community Survey". Updated 2020.
[9] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated September 2024.
[10] Realtor.com – "Realtor.com Data Library". Updated August 2024.
[11] Redfin – "Redfin Data Center". Updated August 2024.
[12] Realtor.com – "Realtor.com Data Library". Updated August 2024.
[13] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated September 2024.
[14] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated September 2024.
[15] Home Bay – "Half of Americans Are Surprised by How Much It Costs to Move". Updated February 26, 2024.
[16] Clever Real Estate – "The 15+ Best Pizza Cities in America". Updated February 12, 2024.
[17] Clever Real Estate – "The Best (and Worst) Coffee Cities in America". Updated January 12, 2024.
[19] Clever Real Estate – "The Most Bike-Friendly Cities in the U.S.". Updated July 17, 2023.
[20] Clever Real Estate – "The Best (and Worst) Cities for Commuters". Updated September 21, 2023.

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