Philadelphia, PA Housing Market 2026: What Homes Actually Sell For

Philadelphia produces a steady stream of closings but little consensus: sales over the last six months span a range wide enough that the median is a midpoint between different markets, not a going rate. The distribution below matters more than the headline.

The snapshot

• •Closings tracked, last 6 months: 9,730
• •Median sold price, last 6 months: $250,000
• •Median of MLS-listed sales alone, last 6 months: $285,000
• •Median sold $/sqft, last 6 months: $192
• •Middle half of sales closed between: $140,000 and $392,500

What the numbers say

Resideline tracked 9,730 closed sales in Philadelphia over the last six months, with a median closing price of $250,000. That median is the midpoint of what buyers actually paid, not what sellers hoped to get, which is why it moves differently from the asking prices you see on listing sites. The middle half of those sales closed between $140,000 and $392,500. That spread matters more than the headline median: where a specific property sits inside it decides whether the citywide number helps you or misleads you. These are the closings Resideline tracks and may differ from complete county or municipal records. The large tracked sample provides substantial market-level evidence. Across the 9,668 closings with usable living area, the middle half sold between $111 and $276 per square foot.

Figures last updated November 4, 2026 from closings Resideline tracked.

Median home price in Philadelphia, PA (October 2026)

The median home price in Philadelphia is $250,000, measured across the 9,730 closed sales Resideline tracked over the last six months. The middle half of those sales closed between $140,000 and $392,500.

Where Philadelphia sale prices land

Medians hide the shape of a market. The distribution above covers the closed sales Resideline tracked in Philadelphia over the last six months that carry a usable sale date, trimmed to the 5th through 95th percentile, with the middle half of sales closing between $140,000 and $392,500. Among the 48 Pennsylvania markets with a published band, Philadelphia's middle-half spread ($140,000 to $392,500) ranks 44th from the narrowest. Where your target property sits inside that spread matters more than the citywide median.

How long a sale takes here

• •Listed to under contract: a median of 31 days, across 4,338 Philadelphia closings Resideline tracked in the last six months
• •Contract to closing: a median of 29 days, across 3,651 Philadelphia closings Resideline tracked in the last six months

Both are measured from the closings themselves, not from listing inventory. Each sale is timed using its own listing and contract dates. That is why these counts are smaller than the 9,730 closings above: a sale is counted here only when we hold both of its dates.

The Philadelphia angle

Philadelphia carries one of the widest quartile bands we measure. Across 9,730 closings Resideline tracked over the last six months, the median closed sale price was $250,000, with the middle half of sales closing between $140,000 and $392,500. At that width, quoting the citywide median for a specific address tells you almost nothing, and a valuation that leans on it will be wrong in one direction or the other. Work instead from the deep Philadelphia closing sample, which ranks among the top 10% we track, and match your comps tightly on everything you can verify before you let an average into the calculation.

Philadelphia market data by ZIP code

Citywide medians hide block-by-block variation. Resideline publishes free, regularly refreshed market snapshots for Philadelphia ZIP codes: 19146 · 19134 · 19143 · 19147 · 19124 · 19148 · 19107 · 19120 · 19121 · 19123 · 19125 · 19130.

From market read to offer price

A spread this wide means the citywide number cannot price a specific address; the step that matters is the property-level read. The decision still comes down to one property and one number: what it is actually worth and what you should pay. Every Resideline report opens with this same market snapshot for the subject's exact ZIP code, then gives you the property's value, the sold comps behind it, and a market rent estimate. Pricing a specific deal? The free ARV calculator, rehab cost estimator, BRRRR calculator and rental property calculator run the numbers in about a minute.

And we show our work. Every estimate is frozen while the home is for sale and graded against the real closing price after it sells. See the live accuracy dashboard for the receipts, or read how the Area Market Snapshot works.

Run any Philadelphia address through Resideline and you will see the local market and the property's value together, in one report.

Cite this

Using these numbers? Please cite the source and the sample size:

Source: Resideline Market Watch
Market: Philadelphia, PA
Geography: incorporated municipality, Census place 4260000
Data updated: October 2026
Analysis period: last six months
Tracked closings: 9,730
Median sold price: $250,000
Median sold $/sqft: $192 (9,668 qualifying)
https://resideline.com/blog/philadelphia-housing-market-2026

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<a href="https://resideline.com/blog/philadelphia-housing-market-2026">
  <img src="https://resideline.com/images/embed/philadelphia.png" alt="Philadelphia, PA home sale price distribution, last six months" width="1000" style="max-width:100%;height:auto">
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<p>Source: <a href="https://resideline.com/blog/philadelphia-housing-market-2026">Resideline Market Watch</a></p>

The local market statistics in this report are calculated from closed sales tracked by Resideline. Transaction coverage may differ from complete county or municipal records.

Every local market figure on this page is computed from closed sales Resideline tracked in Philadelphia over the last six months, and is refreshed when the data is. The closings we track within the Philadelphia city limits are not limited to listing-service sales: they also include foreclosure deeds, estate and family transfers, and other off-market sales that portal medians exclude, which is why 32% of the 9,730 closings in this window never appeared on a listing service, and the median of MLS-listed sales alone was $285,000.