How much does it cost to buy a house in Philadelphia, PA?

In May 2026 Philadelphia homes were listed to buy for a median price of $279K, which is a 2% decrease to April 2025 last month, and a 1% decrease to May 2025 last year. The median value of a home listed to buy in Philadelphia in May 2026 was $211 per sqft, which is a 2% decrease to April 2025 last month, and a 2% decrease to May 2025 last year.

Is it affordable or expensive to live in Philadelphia, PA?

It is affordable to live in Philadelphia. Buying a home in Philadelphia is 1% less expensive compared with the national average.

Is it a good time to buy property in Philadelphia, PA?

Yes now is a good time to buy property in Philadelphia, in May 2026, homes in Philadelphia have decreased in value (price per sqft) by 2% in the last year compared with May 2025.

Is the Philadelphia, PA housing market slowing down?

In May 2026, homes to buy in Philadelphia spent an median 56 days on the market, a same May 2025 last year.

What are the best and safest places to live in Philadelphia, PA?

The best and safest neighborhoods to live in Philadelphia in May 2026 are Chestnut Hill, Fitler Square, Rittenhouse, Graduate Hospital, Washington Square West, Logan Square, West Mount Airy, Roxborough, East Falls, Point Breeze, Chinatown, Bridesburg, Wynnefield, Port Richmond, Overbrook, Germantown - Westside, Cobbs Creek, Kensington, Kingsessing, North Philadelphia West

How much money should I make to buy a house in Philadelphia, PA?

In May 2026, Philadelphia homes were listed to buy for a median price of $279K, with 25% down you would need $1.7K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $58.3K.

Is it a good time to sell my house in Philadelphia, PA?

Yes now is a good time to sell your house in Philadelphia, in May 2026, homes in Philadelphia have decreased in value (price per sqft) by 2% in the last year compared with May 2025.

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Philadelphia, PA Real Estate Snapshot

List Price

$275,000

$/Sqft

$212

Homes For Sale

6,788

Home Size

1,360 Sqft

Days on Movoto

Frequently Asked Questions about Philadelphia, PA

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