I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Pennsylvania
💡 Key Pennsylvania housing market facts
Data Point | Value | Rank | Compared to National Avg |
Typical Home Value | $269,854[1] | #34 of 50 states | 26.7% lower |
Median Listing Price | $314,900[2] | #38 of 50 states | 29.5% lower |
Median Sale Price | $333,900[3] | #33 of 50 states | 21% lower |
30 Year Mortgage Rate | 6.93%[4] | #12 of 50 states | 0.7% lower |
Median Days on Market | 47[5] | #18 of 50 states | 8% 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 Point | Value | Rank | Compared to National Avg |
Median Sale Price | $333,900[6] | #33 of 50 states | 21% lower |
30 Year Mortgage Rate | 6.93%[7] | #12 of 50 states | 0.7% lower |
Median Household Income | $63,627[8] | #22 of 50 states | 1.4% lower |
Affordability Ratio | 5.2 | #14 of 50 states | 18.6% lower |
Buyers Agent Commission | 2.60%[9] | #32 of 50 states | 2.4% higher |
Resources for Pennsylvania home buyers
Preparing to buy in Pennsylvania
Pennsylvania home buying costs
🗺️ 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 Point | Value | Rank | Compared to National Avg |
Median Listing Price | $314,900[10] | #38 of 50 states | 29.5% lower |
Median Sale Price | $333,900[11] | #33 of 50 states | 21% lower |
Median Days on Market | 47[12] | #18 of 50 states | 8% shorter |
Buyer's Agent Commission | 2.60%[13] | #32 of 50 states | 2.4% higher |
Listing Agent Commission | 2.75%[14] | #23 of 50 states | 1% higher |
Resources for Pennsylvania home sellers
Preparing to sell in Pennsylvania
- 8 Steps to Selling a House in Pennsylvania
- Average Time to Sell a House in Pennsylvania
- When Is the Best Time to Sell a House in Pennsylvania?
- Top Real Estate Agents in Pennsylvania
Pennsylvania home selling costs and requirements
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.
Study | Best Pennsylvania city | Rank |
Best Pizza Cities[16] | Philadelphia | 4th best |
Best Coffee Cities[17] | Pittsburgh | 20th best |
Best LGBTQ Cities[18] | Pittsburgh | 13th best |
Best Bike Cities[19] | Philadelphia | 18th best |
Best Commuter Cities[20] | Pittsburgh | 11th best |