Philadelphia housing market: home prices and forecast
Philadelphia home prices: a typical home in Philadelphia, Pennsylvania was valued at $231,584 in September 2026 under the Zillow Home Value Index, 0% from a year earlier. Its value was −0.6% below the $233,046 peak set in March 2026.
- Value of a typical home
- $231,584September 2026, Zillow ZHVI
- Change over 12 months
- 0%since September 2025
- Change over 10 years
- Up +72.4% from September 2016.
Philadelphia home prices since 2000
Philadelphia appears as the steel line, while the United States appears as the grey line. Since January 2000, the typical Philadelphia home rose in value from $62,465 to $231,584, ×3.71, while the US rose ×2.99 over those same months. During the boom, values peaked in August 2007 at $133,993 before falling to a low of $111,552 in February 2013, −16.7%.
Philadelphia home prices by year, at the median
Each year averages its twelve monthly values; for 2026, the latest month is used.
| Year | Philadelphia | Change on the year | United States |
|---|---|---|---|
| 2000 | $64,044 | $125,745 | |
| 2001 | $68,006 | +6.2% | $134,899 |
| 2002 | $72,312 | +6.3% | $144,276 |
| 2003 | $79,681 | +10.2% | $155,308 |
| 2004 | $90,363 | +13.4% | $169,891 |
| 2005 | $108,522 | +20.1% | $189,732 |
| 2006 | $126,028 | +16.1% | $206,531 |
| 2007 | $132,904 | +5.5% | $208,449 |
| 2008 | $131,797 | −0.8% | $195,574 |
| 2009 | $125,951 | −4.4% | $177,542 |
| 2010 | $125,671 | −0.2% | $171,462 |
| 2011 | $118,338 | −5.8% | $162,508 |
| 2012 | $114,202 | −3.5% | $161,137 |
| 2013 | $114,003 | −0.2% | $171,420 |
| 2014 | $117,531 | +3.1% | $182,996 |
| 2015 | $122,900 | +4.6% | $192,738 |
| 2016 | $132,474 | +7.8% | $204,509 |
| 2017 | $146,941 | +10.9% | $216,767 |
| 2018 | $161,719 | +10.1% | $230,541 |
| 2019 | $175,864 | +8.7% | $242,088 |
| 2020 | $191,677 | +9.0% | $257,151 |
| 2021 | $211,140 | +10.2% | $295,959 |
| 2022 | $222,103 | +5.2% | $340,014 |
| 2023 | $218,252 | −1.7% | $348,160 |
| 2024 | $223,099 | +2.2% | $359,751 |
| 2025 | $230,221 | +3.2% | $362,959 |
| September 2026 | $231,584 | 0% | $366,157 |
What a home bought in Philadelphia in any year is worth now
This index-based estimate covers a typical home and is not an appraisal.
Each year's figure averages its twelve monthly index values; the current value is September 2026. Other choices: home appreciation calculator.
Are you thinking of selling? See how the local agents compare on Realtor.com. Advertising disclosure: links like this one may bring the site payment, and no number is ever changed. Disclosure.
Philadelphia housing market forecast
For the Philadelphia, PA metro, Zillow's forecast shows +2.0% across the 12 months starting in September 2026, plus +0.5% over the coming three months. Starting from Philadelphia's typical value of $231,584, the forecast would put the figure near $236,200 a year on.
This is Zillow's own central estimate for this metro, restated here; the site itself puts out no forecast of its own. Forecasts of this kind, over 12 months, have typically landed several percentage points away from the realised change, in both directions. This is not investment advice.
All metro forecasts in a single table: housing market forecast.
Philadelphia housing market crash risk score
24 out of 100, moderate
Philadelphia is ranked against 292 cities based on five conditions that were high before earlier price falls. Every input is scored from 0 to 100 compared with the other cities, and the five scores are averaged with equal weight. This score shows current conditions; it does not forecast a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | −28.3% | 13 | 20% |
| Days on the market vs 2019 | −15.5% | 14 | 20% |
| Price-to-rent ratio | 11.0 | 5 | 20% |
| Price-to-income ratio | 3.8 | 22 | 20% |
| 12-month price change | 0% | 65 | 20% |
This is not investment advice. Details on input scores: methodology. Rankings for all 292 cities: crash risk by city.
Days on market and inventory in Philadelphia
In September 2026 the Philadelphia, PA metro counted 13,756 homes for sale, +14.7% from a year earlier and −28.3% compared with the same month in 2019. Selling took a median of 49 days per listing (−15.5% against 2019), and 18.5% of them had a price cut.
| Philadelphia, PA metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 13,756 | +14.7% |
| New listings | 6,850 | |
| Median days on market | 49 | +7.8% |
| Median list price | $374,950 | −2.6% |
| Share with a price cut | 18.5% |
Metro inventory from Realtor.com® Economic Research. Realtor.com information. Every metro listed: days on market by city.
Philadelphia cost of living
According to the Zillow Observed Rent Index, Philadelphia's typical asking rent is $1,757 a month, +3.4% on a year. Paying for the typical home takes 11.0 years of that rent. With a median household income of $60,521 (Census ACS 2024), the typical home costs 3.8 times a year's income. According to BEA, prices in the metro stand at 102.6 compared with a US average of 100, while housing costs are at 113.1.
For rent, prices and the salary you need to move there: Philadelphia cost of living.
More housing markets in Pennsylvania
- Pittsburgh at $234,620.
- Allentown at $315,694.
- Erie at $204,067.
- Scranton at $202,099.
- Harrisburg at $263,909.
Across the state: Pennsylvania housing market.
How to read this chart
Each point plots the Zillow Home Value Index for Philadelphia: the smoothed and seasonally adjusted value, in that month's dollars, of a typical home in the market's middle third. The hollow dot marks the month chosen on the slider; the terracotta dot marks the latest month. No inflation adjustment is applied to these figures, and the index follows the typical home, not any one house: work out what a single home is worth from its sale price with the card above or the home appreciation calculator.