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New Record High For Pennsylvania's Median Home Sales Price

WRE News May 22, 2024

Buyer

New Record High For Pennsylvania's Median Home Sales Price

Pennsylvania’s median home sales price broke a new record in April at $280,000, up nearly 25% from March and up 7.6% from one year earlier, according to data from the Pennsylvania Association of Realtors (PAR).

As prices soared so did sales. Last month, Pennsylvania’s home sales were up by 11% from the previous month and up 6% from the previous year. There were about 35,500 homes listed on the market in April, up about 6% from March but down nearly 9% compared to April 2023.

“Pennsylvania continues to have a strong real estate market,” said PAR President Preston Moore. “We’re seeing strong demand from potential homebuyers, despite higher interest rates.”

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