Pennsylvania Housing Market Cools in December

We saw a cooling in the statewide housing market last month, matching the weather we experienced. The latest housing report prepared for the Pennsylvania Association of Realtors® shows last month’s median sales price fell about 5% to $289,000, down from $305,000 in November. The price remained about the same compared to December 2024.

As we all have seen, many of our markets have a slowdown in December, influenced by the holidays and the weather in our region.

Overall, Pennsylvania home prices increased slightly compared to the previous year but far less than in the past few years. The yearly median price was $299,500 in 2025, compared to $286,712 in 2024; a 4.5% increase compared to the double-digit increases experienced in the past several years.

Both listings and sales were down in December from the previous month. Both had a more than 10% drop compared to December 2024. However, the average number of listings on the market increased 15% from 2024 to 2025.

The drop in listings showed a more than 5% decrease in every price range last month. Homes priced between $125,000 and $999,999 all saw less than four months of inventory in December. The most significant decline was in homes priced $2 million and up, down three months to 11.4 months.

With the encouraging rise in the number of homes listed this year, our buyers have more options, and it’s helping to restore balance to the market, while also creating healthier conditions for sellers who are ready to make a move.

The total number of sales last year was up 4.7% from 2024, reaching more than 116,000.

As Realtors®, we know that buying or selling a home is one of the most important financial decisions most people will ever make. Our experience helps consumers navigate pricing, negotiations and paperwork with confidence.