Pennsylvania Home Sales, Prices Fall
The Pennsylvania housing market experienced a drop in both home sales and prices in January, a trend attributed to heavy snow and cold temperatures. The data, prepared for the Pennsylvania Association of Realtors®, indicates a slowdown in market activity at the start of the year for the state.
- Home sales in Pennsylvania plummeted to 4,560 in January, marking a 45% decrease from December 2025 and a nearly 36% drop compared to the previous year. - The median sales price for a home in the state fell to $265,000 in January, a decline of approximately 8.5% from the month prior and a 3.7% decrease year-over-year. - David Dean, the 2026 President of the Pennsylvania Association of Realtors®, stated that severe weather was a significant factor, delaying showings, slowing construction, and discouraging buyers. - Despite the slowdown in sales, the number of homes listed for sale in January saw a slight increase of just over 5% from December 2025, reaching 32,212 listings. - This cooling trend in Pennsylvania aligns with broader national patterns of a more measured real estate market pace compared to previous years. - While the statewide market saw a dip, the Philadelphia and Delaware County area experienced a different trend, with median sale prices increasing by just over 10% to $294,125 in the four weeks ending January 25th, even as sales activity slowed. - In contrast to the monthly decline, the average home value in Pennsylvania was up 2.5% over the past year as of January 31, 2026. - Some regional markets within the state showed different dynamics; for instance, Lebanon County saw a 4.3% increase in median sold price year-over-year in January, while Cumberland County saw a 9.8% decrease.
