Pa. Median Sales Price and Sales Fell in September

Pennsylvania’s median home price declined while housing inventory grew in September, according to the latest housing report prepared for the Pennsylvania Association of Realtors®.

The state’s median home sales price fell 4.5% in September to $315,000 compared to the previous month, and it was up 6% year over year.

Listings rose 1.6% month over month, with 46,549 listings on the market in September. They dipped about 2% compared to the same time the previous year.

Inventory grew across the lower and higher price ranges, with the largest increase in the $2 million-and-up range, where it reached 13.7 months of inventory.

Home sales were down 10% in September, with just over 10,260 sales, compared to 11,451 last month. Sales were down nearly 9.5% compared to September 2025, when 11,345 sales were recorded.

The National Association of Realtors® reported that existing-home sales increased by 1.5% month-over-month in September and decreased 2.2% year over year. Month-over-month sales declined 2.1% in the Northeast and were down 4.1% from September 2025.

NAR Chief Economist Lawrence Yun said, “Despite the small monthly gain on a seasonally adjusted basis, August and September marked the two slowest months for home sales this year. Further increases in mortgage rates in recent weeks mean fewer buyers can qualify to purchase a home.”

For Pennsylvania consumers, lower home prices and rising inventory may signal a shift toward a more balanced housing market, creating new opportunities for buyers while giving them more options to consider. As we know, the higher mortgage rates the market has seen recently can affect buyers’ purchasing power by increasing monthly payments and making affordability more challenging. It becomes even more important for buyers to work with a Realtor® who can help them identify opportunities in today’s market and make informed decisions.

For sellers, increased competition means that pricing their homes strategically is more important than ever. Working with a Realtor® can help consumers understand the changing market conditions.