Pennsylvania Home Prices Hit Record $340K Amid Tight Supply
Event summary
- Median home price in Pennsylvania rose to $340,000 in June 2026, up 6% year-over-year.
- June saw over 13,000 home sales, a 19% month-over-month and 3% year-over-year increase.
- Active listings totaled 45,870 in June, down 3% from the same period last year.
The big picture
Pennsylvania's housing market continues to reflect broader trends of strong buyer demand and limited supply, driving prices to new highs. The state's median home price increase aligns with national patterns where real estate remains a favored long-term investment despite affordability challenges. With over 38,000 Realtors® active in the state, the market dynamics highlight both opportunities for existing homeowners and hurdles for prospective buyers.
What we're watching
- Supply Constraints
- Whether the 3% year-over-year decline in listings will persist, exacerbating price pressures.
- Affordability Pressures
- How sustained price growth may impact first-time buyer participation amid rising costs.
- Market Sustainability
- The pace at which demand can be met with current construction and inventory levels.
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