Philadelphia Housing Market & Real Estate Update: Prices Firm, Inventory Slightly Higher
Philadelphia, PA – February 27, 2026 – Inventory is inching up, but prices remain firm. Here’s a skimmable look at recent pricing, listings, and the kinds of homes showing up fo…
Top takeaways
- Redfin reported a $270K median sale price in January 2026 (+12.5% year over year), with homes taking about 67 days to sell on average.
- Realtor.com showed 3,953 active listings in January (+2.8% year over year) and a $269,000 median listing price (down 0.1%).
- Affordability remains rate-sensitive: Redfin pegged the January average 30-year fixed mortgage rate at 6.10% nationally.
Market snapshot
In Philadelphia, the early-spring setup is taking shape with slightly more selection than last year, while closed sales have been slower. Redfin counted 849 homes sold in January, down from 953 a year earlier. That gap can reflect buyers waiting for better affordability, a wider range of options, or clearer pricing signals as more listings compete for attention.
On the supply side, Realtor.com’s January active-listing count points to modest growth in available homes, even as the median listing price stayed close to the median sale price range highlighted in local reporting. Taken together, the trend reads as a market where prices are holding up, but shoppers may have a bit more room to compare homes and negotiate.
What’s for sale (examples)
- Entry-level rowhome/townhome options around $115K on Zillow (often needing updates).
- Move-in-ready single-family homes around $450K, plus occasional distressed or foreclosure-style listings near $464K.
Practical next question for both sides: are price cuts showing up more often, are multiple-offer situations still common, or are homes simply taking longer to sell?