Pennsylvania
Pennsylvania's residential housing market demonstrates steady resilience with modest price appreciation and tight overall supply. Median home prices have advanced approximately 4% to 5% year-over-year into the $320,000 to $327,000 range, supported by sustained demand across suburban employment centers. Active inventory has expanded slightly to roughly 44,000 homes (about 3 months of supply), fostering a balanced yet competitive transaction environment.
Median prices moved up 4.0% year over year.
Homes spend a median of 37 days on market with 3.0 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 98.7% of asking — demand is running ahead of supply.
unemployment 4.1% · poverty 11.8% — a stable, low-distress profile.
Pennsylvania — researched statewide history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
The amenity base that shapes daily life and property demand in this state — what residents actually live with, and what the pipeline is adding.
Located in Philadelphia, this iconic historic district preserves the birthplace of American democracy, attracting millions of visitors and residents seeking rich historical heritage and world-class urban culture.
A premier regional destination in Central Pennsylvania offering major roller coasters, entertainment, and family amenities, serving as a primary tourism and lifestyle anchor in Dauphin County.
Encompassing hundreds of square miles of lakes, ski resorts (Camelback, Jack Frost), and state parks, drawing outdoor sports enthusiasts, second-home buyers, and relocations from the New York/New Jersey metros.
A downtown riverfront hub combining PNC Park, Acrisure Stadium, and premier performing arts centers that drive dynamic cultural amenities in Western Pennsylvania.
Pennsylvania's statewide violent and property crime rates remain slightly below national averages, though marked variation exists between urban cores such as Philadelphia or Reading and low-crime suburban or rural counties.
Pennsylvania public schools are locally administered across 500 school districts, featuring nationally prominent, high-performing suburban districts across Southeastern PA and Allegheny County, while urban and rural districts face wider performance disparities.
Severe riverine and flash flooding along major river basins (Susquehanna, Delaware, Ohio) represents the primary natural hazard, alongside winter storm and freeze-thaw events; wildfire risk is negligible, and property insurance markets remain broadly accessible compared to coastal Sunbelt regions.
Economic expansion is anchored by healthcare, biotechnology, higher education, life sciences, and advanced manufacturing across the Philadelphia and Pittsburgh metro corridors, supported by substantial logistics and distribution development along Interstate 81 and Interstate 78.
Pennsylvania levies a flat state personal income tax of 3.07%, while real estate property taxes are determined at the municipal, county, and school district levels using assessed values and local millage rates without a statewide cap. The Commonwealth also authorizes local earned income taxes (EIT) and offers standard homestead/farmstead exclusions funded via gaming revenues.
Pennsylvania features a highly diversified gross state product exceeding $900 billion, driven by the healthcare and social assistance sector, life sciences, financial services, logistics, and higher education. Natural gas extraction from the Marcellus Shale also plays a major role in regional industrial supply and energy production.
Key interstates (I-76 PA Turnpike, I-80, I-81, I-95) link major mid-Atlantic and Midwestern markets, complemented by SEPTA regional transit in the greater Philadelphia region, PRT in Pittsburgh, and high-frequency Amtrak service along the Keystone Corridor.
Major statewide economic development policies prioritize brownfield remediation, industrial pad-ready megasites through the PA SITES program, and life sciences cluster expansions across both the eastern and western metropolitan hubs.
Pennsylvania's property insurance market remains comparatively stable and resilient, with moderate average homeowner premiums and limited vulnerability to major catastrophic weather compared to coastal Sunbelt jurisdictions, though localized flood insurance through the NFIP is critical along river basins.
IRS and Census migration metrics show Pennsylvania experiencing slight net domestic out-migration, largely offset by international immigration and localized in-migration into eastern suburban counties from the higher-cost New York and New Jersey metropolitan areas.
Pennsylvania is strictly a judicial foreclosure state where lenders must file a lawsuit through the County Court of Common Pleas; pre-foreclosure Act 6 and Act 91 notices providing 30 days to cure or apply for HEMAP loan assistance are mandatory, and statutory post-sale redemption rights generally do not exist once the sheriff's deed is delivered.
Under the Pennsylvania Real Estate Seller Disclosure Act (RESDA), sellers of residential real property must provide buyers with a signed, comprehensive property disclosure statement detailing all known material defects before an agreement of sale is executed.
Data retrieved from U.S. Census Bureau 2023 American Community Survey (ACS) 1-Year Estimates via data.census.gov tables DP02, DP03, DP04, and DP05 for the State of Pennsylvania.
Pennsylvania's residential housing market demonstrates steady resilience with modest price appreciation and tight overall supply. Median home prices have advanced approximately 4% to 5% year-over-year into the $320,000 to $327,000 range, supported by sustained demand across suburban employment centers. Active inventory has expanded slightly to roughly 44,000 homes (about 3 months of supply), fostering a balanced yet competitive transaction environment.
No recorded foreclosure notices for Pennsylvania yet. Counties ingest on the scheduled rotation — absence here reads as no recorded notices, not as verified zero distress.