Pennsylvania (PA) housing market
Warm MarketStatewide monthly sale-market indicators for rental investors — not a substitute for local rent comps, taxes, or insurance, but a fast read on price level, pace, and negotiation pressure.
Data period: May 2026
Market snapshot
- Median sale price
- $330K
- Median days on market
- 30 days
- Months of supply
- 2.7
- Active inventory
- 29,517
- Homes sold
- 10,801
- Sale-to-list ratio
- 99.7%
- Listings with price drop
- 28.1%
- Data month
- May 2026
Pair this view with the rental property calculator, DSCR calculator, and cap rate calculator — or browse all calculators.
Rental Investor Snapshot
Labels below come from monthly sale-market indicators only. True cash flow requires local rent, taxes, insurance, vacancy, and expense assumptions — model those in the rental calculator, then sanity-check against sale-speed signals here.
- Market temperature
- Competitive
- Buyer leverage
- High
- Pricing signal vs. U.S. median
- Easier buy-in vs. U.S. median (price only)
- Investor fit (heuristic)
- Buy-in vs. U.S. · Appreciation · Negotiation
Watch-outs
- Elevated price cuts can signal negotiation room — verify condition, rents, and comps street-by-street.
Suggested next step: Run a rental property analysis with your own rent, financing, vacancy, and expense assumptions — then sanity-check against this market's sale-speed and negotiation signals.
Warm Market
The market is active with moderate buyer demand.
Pennsylvania market summary
The Pennsylvania housing market is heating up. As of May 2026, the median home sale price is $330K, up 5.3% year-over-year. Homes are spending a median of 30 days on the market, 3.4% longer than a year ago.
There are 29,517 homes for sale — 0.4% fewer than last year. With 2.7 months of supply, this is a seller's market. 16,236 new listings were added during this period, up 0.1% year-over-year.
Homes are selling for 99.7% of their list price on average, suggesting room for negotiation. 37.9% of homes sell above their asking price. 28.1% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
58
Contributing Factors
How This Market Compares
vs. National Median
Investor takeaway
A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 27% below the national median on this sale snapshot — that can mean lower buy-in, but cash flow still depends on local rent, financing, and expenses.
Pennsylvania market trends
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Detailed market metrics
Median list price
$345K
Price per sq ft
$197
Sale-to-list ratio
99.7%
Months of supply
2.7
Sold above list
37.9%
Price drops
28.1%
New listings
16,236
↑ 0.1% YoY
Pending sales
14,313
Pennsylvania housing market FAQs
What is the median home price in Pennsylvania?
For the latest published month, the median sale price in Pennsylvania is $330K. Median means half of homes sold above that price and half below — it is a useful benchmark, not a rule for every listing.
Is Pennsylvania a buyer's or seller's market?
With about 2.7 months of supply, conditions often favor sellers (inventory is relatively tight versus sales pace). Buyers may need to move quickly and keep offers competitive.
How long do homes stay on the market in Pennsylvania?
For the latest published month, the median days on market in Pennsylvania is 30 days — half of homes went pending faster and half slower.
Is Pennsylvania good for rental property investors?
Sale-market stats show how competitive buying is (speed, negotiation, inventory). They do not prove rent performance. Pennsylvania can still work for rentals if the numbers work on a deal-by-deal basis — use local rent comps, financing, vacancy, and expenses in the rental property calculator.
How should investors analyze a rental property in Pennsylvania?
Start with purchase price, financing, rent, vacancy, operating expenses, and capital repairs. Stress-test rates and rent. Will It Flow’s rental property calculator is built to translate those inputs into cash flow, DSCR, cap rate, and cash-on-cash return for Pennsylvania deals.
Metro markets in Pennsylvania
Open a metro for the same investor snapshot and trends, then run a shortlist through the DSCR calculator and cap rate calculator.
Pittsburgh, PA
$275K median · 50 days on market
Montgomery County, PA
$519K median · 24 days on market
Philadelphia, PA
$316K median · 41 days on market
Allentown, PA
$375K median · 12 days on market
Harrisburg, PA
$305K median · 9 days on market
York, PA
$299K median · 9 days on market
Scranton, PA
$240K median · 16 days on market
Lancaster, PA
$365K median · 7 days on market
Reading, PA
$305K median · 7 days on market
East Stroudsburg, PA
$346K median · 23 days on market
Erie, PA
$229K median · 15 days on market
State College, PA
$400K median · 8 days on market
Chambersburg, PA
$290K median · 21 days on market
Lebanon, PA
$310K median · 8 days on market
Pottsville, PA
$196K median · 15 days on market
Gettysburg, PA
$348K median · 14 days on market
Altoona, PA
$170K median · 13 days on market
Williamsport, PA
$240K median · 43 days on market
Johnstown, PA
$132K median · 13 days on market
Sunbury, PA
$175K median · 59 days on market
New Castle, PA
$200K median · 54 days on market
Bloomsburg, PA
$240K median · 54 days on market
Meadville, PA
$195K median · 34 days on market
Somerset, PA
$205K median · 52 days on market
Indiana, PA
$205K median · 47 days on market
Lewistown, PA
$185K median · 17 days on market
Sayre, PA
$230K median · 43 days on market
Lewisburg, PA
$315K median · 65 days on market
Lock Haven, PA
$257K median · 31 days on market
Bradford, PA
$110K median · 31 days on market
Oil City, PA
$240K median · 53 days on market
Warren, PA
$152K median · 12 days on market
Selinsgrove, PA
$310K median · 62 days on market
DuBois, PA
$94K median · 53 days on market
St. Marys, PA
$164K median · 28 days on market
More Pennsylvania housing market data
Compare how Pennsylvania fits nationally on the U.S. housing market overview, or browse the top 100 U.S. metro housing markets by sales activity.
New to underwriting? Read how much cash it takes to buy a rental in 2026 — then stress-test assumptions in the calculators above.
Underwrite a Pennsylvania rental with real numbers
Cash flow, Cap Rate, DSCR, and cash-on-cash return — built for speed without skipping rigor.
Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.