Aug 2026
$296K
+4.2% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Philadelphia, PA
Median sale price, a Redfin vs. FHFA price check, and daily-refreshed real estate signals for Philadelphia, PA. Built for agents; free to read.
Philadelphia, PA’s median sale price is $296K as of Aug 2026 — +4.2% year over year. Pecan Street measures Philadelphia’s year-over-year home-price change two independent ways: Redfin sale prices and the FHFA House Price Index. No market signals are flagged here right now.
Headline
Oct 6, 2026
7.45%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$1,648/mo
$71K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Philadelphia compares to other U.S. metros
| Price-to-rent | ↓164th of 195 |
|---|---|
| Days on market | ↓141st of 195 |
| Home-price growth | ↑54th of 195 (top 28%) |
| Price cuts | 87th of 195 (top 45%) |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 11 +2.0% YoY ↓164th of 195 |
|---|---|
| Asking price / sq ft | $228 -0.6% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 39% +0.9 pts YoY 87th of 195 (top 45%) |
|---|---|
| New housing units permitted | 1,316 |
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Sep 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Aug 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 12 shown of 341 |
|---|---|
| MLS board of record | Bright MLS |
| Price methodology | Redfin vs FHFA HPI |
| Data as of | Aug 2026 |
Recent signals
No signals flagged for this market right now.
Price reconciliation
normal · 0.1ppRedfin (city) +4.2% | FHFA HPI · Q2 2026 +4.3% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
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Start free trialZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 19103 | $452K↓ | 167↓ | 68↓ | 36↓ | 93↑ | $482K↑ |
| 19121 | $247K↓ | 258↑ | 68↑ | 80↑ | 81↓ | $193K↓ |
| 19124 | $200K↑ | 160↑ | 70↑ | 52↑ | 64↑ | $177K↑ |
| 19125 | $430K↓ | 210↑ | 76 | 90↑ | 51↓ | $382K↑ |
| 19132 | $120K↓ | 230↑ | 46↓ | 56↓ | 88↓ | $77K↓ |
| 19134 | $130K↓ | 369↑ | 90↓ | 124↑ | 108↑ | $117K↓ |
| 19139 | $175K↑ | 173↑ | 60↓ | 48↑ | 77↑ | $132K↓ |
| 19143 | $225K↓ | 228↑ | 72↓ | 94↓ | 60↑ | $147K↑ |
| 19145 | $285K↓ | 179↑ | 68↓ | 72↓ | 65↓ | $261K↑ |
| 19146 | $442K↓ | 223↓ | 98↓ | 90↓ | 53↑ | $393K↑ |
| 19148 | $299K↓ | 197↑ | 68↓ | 62↓ | 62↑ | $269K↑ |
| 19709 | $602K↑ | 194↑ | 70↓ | 58↑ | 60↑ | $536K↑ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.