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Pennsylvania’s Housing Prices Up 14% in 2021

by Christopher Beadling on

Last year’s Pennsylvania housing market reflected what we’re seeing throughout the country. Home prices in the commonwealth rose 14% last year reaching a median price of $192,040, up from $168,152 in 2020, according to a housing market report prepared for the Pennsylvania Association of Realtors®.

The median price in December was $194,637, up about 9% compared to $178,475 in December 2020.

Most of you are continuing to see a rapid pace in your local markets. Our reports show the state has seen a steady increase in prices. The median home sale price is up about 37% compared to approximately $140,000 in 2017. That reflects what you and I both know – purchasing a home is a good, long-term investment for consumers, particularly when interest rates remain relatively low.

In nearly every market, inventory continues to be a challenge. Listings were down 26% in December, compared to the same time in 2020. There were more than 152,000 fewer listings in 2021 compared to the previous year. That makes it difficult for buyers looking to purchase a home, particularly as we’ve seen more buyers enter the market.

The tighter inventory has led to the number of home sales declining about 5.5% in December, compared to the same time in 2020.

The challenges of today’s market continue to be a reason for both buyers and sellers to work with a Realtor® who has the expertise needed to navigate the transaction. I don’t have to tell you that! With limited inventory and multiple offers, it helps to have someone you can trust help you through this process.


Housing market Housing market report Pennsylvania housing market Pennsylvania housing market report
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