Pennsylvania Real Estate Trends - A New Way to Look at Pennsylvania Realty
The robust Pennsylvania real estate market caters to investors, home buyers and renters alike with its wide variety of price points and property types. Urbanites need look no further than Philadelphia homes for sale to find the downtown living and city nightlife that they crave.
Buyers seeking a suburban or rural lifestyle will be pleased to know that the Pennsylvania real estate market encompasses both unique and traditional housing choices. Pennsylvania is still considered a traditional “buyer’s market” as the average condo is generally on the market for 169 days and single family homes 167 days before sale.
The Philadelphia real estate market significantly prefers stand alone houses to condominiums or townhouses. The average condo sells for $279,000 and is on the market for 146 days while single family homes cost $143,000 and generally find a buyer in 148 days. The city’s charm combined with the wealth of inventory makes the Philadelphia real estate market an excellent choice for all kinds of local and out-of-state shoppers. Here’s a look at current prices in the city.
Average listing price for properties in Philadelphia:Pennsylvania Real Estate:
Largest Increase in Listing Price
| City | 3 mo. | |
|---|---|---|
| Pittsburgh, PA Real Estate | 51.31% | |
| Easton, PA Real Estate | 30.01% | |
| Milford, PA Real Estate | 13.00% | |
| Gilbertsville, PA Real Estate | 11.66% | |
| Lords Valley, PA Real Estate | 11.39% |
Pennsylvania Real Estate:
Largest Decrease in Listing Price
| City | 3 mo. | |
|---|---|---|
| Nazareth, PA Real Estate | 7.84% | |
| Bushkill, PA Real Estate | 7.82% | |
| Albrightsville, PA Real Estate | 6.11% | |
| Stroudsburg, PA Real Estate | 4.75% | |
| Hawley, PA Real Estate | 4.34% |
Most Expensive Pennsylvania Homes for Sale by City
| City | Median $ | 3 mo. | |
|---|---|---|---|
| New Hope, PA Homes for Sale | $1,375,444 | 3.01% | |
| Malvern, PA Homes for Sale | $1,189,726 | 9.48% | |
| Newtown Square, PA Homes for Sale | $1,187,086 | 3.82% | |
| Newtown, PA Homes for Sale | $862,482 | 0.00% | |
| Doylestown, PA Homes for Sale | $685,711 | 2.28% |
Least Expensive Pennsylvania Homes for Sale by City
| City | Median $ | 3 mo. | |
|---|---|---|---|
| Wilkes Barre, PA Homes for Sale | $81,137 | 8.34% | |
| Bushkill, PA Homes for Sale | $96,416 | 7.82% | |
| Altoona, PA Homes for Sale | $105,955 | 1.49% | |
| Tobyhanna, PA Homes for Sale | $113,112 | 5.66% | |
| Scranton, PA Homes for Sale | $118,668 | 2.79% |
Top 5 Pennsylvania Cities for Families
| City | Homes with Children |
Crime vs. Natl. Avg. |
|---|---|---|
| Darby, PA Local Info | 49.00% | 3.01 |
| Reading, PA Local Info | 43.00% | 2.45 |
| Franklin Park, PA Local Info | 42.00% | 0.10 |
| Coatesville, PA Local Info | 41.00% | 2.74 |
| Chester, PA Local Info | 40.00% | 0.48 |
Top 5 Pennsylvania Cities for Singles
| City | Unmarried | Female to Male |
|---|---|---|
| State College, PA Local Info | 86.00% | 49% / 51% |
| West Chester, PA Local Info | 83.00% | 61% / 39% |
| Indiana, PA Local Info | 81.00% | 51% / 49% |
| Chester, PA Local Info | 78.00% | 54% / 46% |
| Harrisburg, PA Local Info | 78.00% | 54% / 46% |
Largest Increase in Listing Price Methodology
This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage increase in median listing prices for single family homes over a three month period.
Largest Decrease in Listing Price Methodology
This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage decrease in median listing prices for single family homes over a three month period.
Most Expensive Homes for Sale by City Methodology
This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five highest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.
Least Expensive Homes for Sale by City Methodology
This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five lowest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.
Top 5 Cities for Families Methodology
This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of homes with children and the lowest crime rate. Crime rate is determined by comparing each city's crime rate index against the national crime rate index, which equals 100. A number lower than one indicates less crime than the national average, while a number greater than one indicates more overall crime than the national average.
Top 5 Cities for Singles Methodology
This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of unmarried people. An unmarried person is defined as someone who was never married, is separated, or divorced.