Markets › Pennsylvania
Pennsylvania housing market
In the Keystone State, part of the Census Bureau's Middle Atlantic division, Pecan Street tracks seven markets. Median sale prices run from $169K in Harrisburg to $296K in Philadelphia as of Aug 2026. All seven are higher than a year earlier, led by Harrisburg (+9.6%).
Homes sit longest in Pittsburgh (54 median days on market) and sell fastest in Lancaster (29 days). The share of active listings with a price cut runs from 37% in Allentown to 48% in Harrisburg. Price-to-rent ratios run from about 7 in Harrisburg to 13 in Pittsburgh, measured as years of HUD Fair Market Rent per median sale price. Among the 195 U.S. metros Pecan Street tracks, the Lancaster metro has the fewest median days on market and the Harrisburg metro the 13th-fastest year-over-year price growth. Pennsylvania's unemployment rate was 3.7% in Aug 2026 (BLS via FRED). The national rate was 4.2% in Sep 2026.
Markets at a glance
| Market | Median sale price | YoY | Days on market | Price-cut share | Price-to-rent |
|---|---|---|---|---|---|
| Allentown | $279K | +5.8% | 40 | 37% | ≈ 10 |
| Harrisburg | $169K | +9.6% | 39 | 48% | ≈ 7 |
| Lancaster | $276K | +7.9% | 29 | 38% | ≈ 12 |
| Philadelphia | $296K | +4.2% | 49 | 39% | ≈ 11 |
| Pittsburgh | $270K | +4.0% | 54 | 43% | ≈ 13 |
| Reading | $202K | +6.2% | 36 | 41% | ≈ 10 |
| Scranton / Wilkes-Barre | $217K | +3.2% | 48 | 39% | ≈ 10 |
Median sale price and year-over-year change from Redfin (rolling three months); median days on market and the share of active listings with a price cut from Realtor.com; price-to-rent is each market page's figure (its median sale price over a year of HUD Fair Market Rent). Figures are per metro market, not statewide.
Recent signals
No market signals flagged across this state right now.