Pa. Housing Market Posts Another Month of Price Growth

Pennsylvania is continuing to see strong home prices this year.

The spring housing market hit another high this year when the Pennsylvania median home sales price hit $320,000 in May, up from $315,000 the previous month, according to the latest housing report prepared for the Pennsylvania Association of Realtors®. The statewide housing market has continued to see prices increase since the beginning of the year. The median home price was up about 5% from $305,000 compared to May 2025.

The National Association of Realtors® reported earlier this month that the median price in the Northeast was up 4.2% from May 2025 reaching $534,900. Nationwide, the median sales price in May was $429,300, according to NAR.

Dr. Lawrence Yun, NAR chief economist, noted last week at the NAR Legislative Meetings that the Northeast is currently a weird market because consumers say the market is hot with multiple offers, while Realtors® say the market is slow because there aren’t enough sales.

Pennsylvania’s rising home prices reflect the sustained demand for homes, and the growing inventory provides consumers with more opportunities and choices. These trends are creating a healthier and more balanced market for buyers and sellers alike.

The number of homes on the market jumped about 12% from April to May, going from about 40,000 listings in April to more than 44,800 in May. Listings were down 5% compared to the same time last year.

As the inventory increases, we see the greatest number of homes on the market are priced above $500,000. The smallest inventory levels are homes priced $125,000 to $374,999.

Sales were also up month-over-month, hitting nearly 10,900 in May, compared to about 9,400 in April. However, the number of sales was down about 5.5% compared to May 2025.

As Realtors®, it’s important to remind homebuyers to approach today’s housing market with patience and preparation. While increased inventory is providing more options, competition remains strong in many local areas. We know the advantages for both buyers and sellers to work with a trusted real estate professional who will help keep them informed and position them to make confident decisions in this changing market.