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: 10,696
• •Median sold price, last 6 months: $260,000
• •Median sold $/sqft, last 6 months: $197
• •Middle half of sales closed between: $145,000 and $400,000

What the numbers say

Resideline tracked 10,696 closed sales in Philadelphia over the last six months, with a median closing price of $260,000. 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 $145,000 and $400,000. 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 10,660 closings with usable living area, the middle half sold between $115 and $282 per square foot.

Figures last updated August 22, 2026 from closings Resideline tracked.

Median home price in Philadelphia, PA (August 2026)

The median home price in Philadelphia is $260,000, measured across the 10,696 closed sales Resideline tracked over the last six months. The middle half of those sales closed between $145,000 and $400,000.

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, trimmed to the 5th through 95th percentile, with the middle half of sales closing between $145,000 and $400,000. 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 30 days, across 5,026 Philadelphia closings Resideline tracked in the last six months
• •Contract to closing: a median of 28 days, across 4,349 Philadelphia closings Resideline tracked in the last six months

The Philadelphia angle

Philadelphia carries one of the widest quartile bands we measure. Across 10,696 closings Resideline tracked over the last six months, the median closed sale price was $260,000, with the middle half of sales closing between $145,000 and $400,000. 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.

What is being reported about the Philadelphia market

The numbers above are what we measure from tracked closings. Alongside them, here is what local and national coverage is reporting, from the source:

• •Bright MLS reported that the Philadelphia metro area's median sold price in July 2026 was $430,000, matching June's record high for the region, with closed sales 6.1% higher than a year earlier, new pending sales down 4.0% year-over-year, and active listings at the end of July 12.4% higher than last year (Bright MLS, Aug 11, 2026)
• •Bright MLS reported that the Philadelphia metro area's median sold price reached $430,000 in June 2026, a new record high for the region, with closed sales 4.0% higher than last year, new pending sales up 6.9% year-over-year, and a median of just 10 days on market (Bright MLS, Jul 10, 2026)

Philadelphia market data by ZIP code

Citywide medians hide block-by-block variation. Resideline publishes free, regularly refreshed market snapshots for Philadelphia ZIP codes: 19121.

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 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. As of August 2026, the public scoreboard showed 3.26% median error across 12,508+ graded closings. 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
Data updated: August 2026
Analysis period: last six months
Tracked closings: 10,696
Median sold price: $260,000
Median sold $/sqft: $197 (10,660 qualifying)
https://resideline.com/blog/philadelphia-housing-market-2026

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 inside the 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 28% of the 10,696 closings in this window never appeared on a listing service, and the median of MLS-listed sales alone was $293,000.