Philadelphia, PA metro area Housing Market Brief
metro · as of July 2026
What is Philadelphia, PA metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Philadelphia, PA metro area in its market cycle?
Philadelphia, PA metro area is classified as Mature — holding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Philadelphia, PA metro area?
Our model forecasts Philadelphia, PA metro area’s home prices to rise about 3.2% over the next 12 months (high confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Philadelphia, PA metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $303K | ▲ +1.8% |
| Median Days on Market | 49 days | ▲ +14% |
| Months of Supply | 4.1 | ▲ +8.3% |
| Homes for Sale | 6,389 | ▲ +1.4% |
| Homes Sold | 1,562 | ▼ -6.3% |
| Median Price / Sq Ft | $219 | ▲ +2.3% |
How has Philadelphia, PA metro area’s Alpha Score moved?
Markets like Philadelphia, PA metro area
- Memphis, TN metro area, TNmetro38
- Minneapolis, MN metro area, MNmetro45
- Charlotte, NC metro area, NCmetro45
- Louisville, KY metro area, KYmetro40
- Columbus, OH metro area, OHmetro55
- Oklahoma City, OK metro area, OKmetro50
- Danville, VA metro areametro47
- Detroit, MI metro areametro47
- Baton Rouge, LA metro areametro47
- Fort Worth, TX metro areametro44
Frequently asked questions
Is Philadelphia, PA metro area a buyer's or seller's market?
As of July 2026, Philadelphia, PA metro area is classified as a Balanced Market, based on its Alpha Score of 43 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Philadelphia, PA metro area?
The median sale price in Philadelphia, PA metro area is $303K, having risen 1.8% over the past year.
How affordable is Philadelphia, PA metro area?
Philadelphia, PA metro area scores 50 out of 100 on affordability — moderately affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Philadelphia, PA metro area's Alpha Score?
Philadelphia, PA metro area's strongest dimension is Affordability (50/100) and its weakest is Inventory Health (23/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Philadelphia, PA metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.