Aug 2026
$297K
+4.5% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Philadelphia, PA
Daily-refreshed real estate signals + Three-Opinion home-price methodology for Philadelphia, PA. Built for agents; free to read.
Philadelphia, PA’s median sale price is $297K as of Aug 2026 — +4.5% year over year. Pecan Street tracks Philadelphia with its Three-Opinion home-price methodology (Redfin, FHFA HPI, and Zillow ZHVI), with no market signals flagged right now.
Headline
Sep 18, 2026
7.04%
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
$1,586/mo
$68K/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 | ↓162nd of 195 |
|---|---|
| Home-price growth | ↑51st of 195 (top 27%) |
| Days on market | ↓135th of 194 |
| Price cuts | 106th of 194 |
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 +4.5% YoY ↓162nd of 195 |
|---|---|
| Asking price / sq ft | $228 -0.4% 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 Aug 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 | ≈ 36% +0.6 pts YoY 106th of 194 |
|---|---|
| New housing units permitted | 1,055 |
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Aug 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 Jul 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 | Three-Opinion · Redfin · FHFA HPI · Zillow ZHVI |
| Data as of | Aug 2026 |
Recent signals
No signals flagged for this market right now.
Price reconciliation
normal · 0.2ppRedfin (city) +4.5% | 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 | $432K↓ | 170↓ | 36↓ | 24↓ | 96↑ | $482K↑ |
| 19121 | $245K↓ | 251↑ | 52↑ | 80↑ | 68↓ | $193K↓ |
| 19124 | $200K↑ | 154↑ | 56↑ | 56↑ | 64↑ | $177K↑ |
| 19125 | $425K↓ | 190↓ | 60↑ | 60↓ | 51↓ | $382K↑ |
| 19132 | $130K↑ | 227↓ | 44↓ | 36↓ | 74↓ | $77K↓ |
| 19134 | $130K↓ | 344↑ | 72↓ | 72↓ | 100↑ | $117K↓ |
| 19139 | $184K↑ | 173↑ | 48↓ | 52↓ | 67↑ | $132K↓ |
| 19143 | $225K↓ | 230↑ | 76↓ | 88↓ | 66↑ | $147K↑ |
| 19145 | $292K↓ | 175↑ | 44↑ | 56↓ | 58↓ | $261K↑ |
| 19146 | $450K↓ | 202↓ | 76↑ | 68↑ | 59↑ | $393K↑ |
| 19148 | $300K↓ | 174↑ | 64↓ | 52↓ | 61↑ | $269K↑ |
| 19709 | $612K↑ | 186↑ | 64↓ | 56↑ | 64↓ | $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.