Philadelphia Metro Housing Market Report
Report period: August 2026
Philadelphia Metro Housing Market Report – August 2026
Philadelphia Metro · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$406,577
−0.0%
Median DOM (Sales)
44
+2.3%
New Listings (Sales)
666
−71.9%
Median Rent
$1,868
+0.9%
Median DOM (Rental)
27
−0.6%
Total Rental Listings
15,656
−1.8%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (39 DOM)
- Fastest renting: Single Family (17 DOM)
- Strongest bedroom: 8 Beds ($1,277,042 median)
Sales Market Overview
Median Price
$406,577
−0.0%
Median DOM
44
+2.3%
New Listings
666
−71.9%
Inventory
12,425
−1.1%
- Average Price: $490,552
- Median Price: $406,577
- Price Range: $102,322 – $2,295,505
- Price per Sq Ft (Avg/Median): $254 / $243
- Square Footage (Avg/Median): 1,883 / 1,637
- Square Footage Range: 765 – 6,483
- Days on Market (Avg/Median): 64 / 44
- Days on Market Range: 3 – 289
- New Listings: 666
- Total Listings: 12,425
Sales by Property Type
Condo
Avg/Median Price$420,709 / $361,046Range$238,116 – $1,314,490Price per Sq Ft$288 / $273Sq Ft1,386 / 1,257DOM67 / 53New57Total1,338
Land
Avg/Median Price$376,558 / $306,395Range$251,638 – $1,017,465Price per Sq Ft—Sq Ft—DOM137 / 129New64Total1,864
Single Family
Avg/Median Price$639,639 / $500,508Range$277,854 – $1,460,427Price per Sq Ft$251 / $238Sq Ft2,447 / 1,992DOM56 / 39New123Total1,727
Townhouse
Avg/Median Price$454,891 / $417,789Range$212,244 – $1,059,407Price per Sq Ft$251 / $242Sq Ft1,699 / 1,597DOM57 / 40New388Total6,635
Multi-Family
Avg/Median Price$539,797 / $484,792Range$350,224 – $1,007,346Price per Sq Ft$226 / $217Sq Ft2,355 / 2,071DOM100 / 80New31Total804
Manufactured
Avg/Median Price$151,521 / $147,880Range$102,978 – $207,760Price per Sq Ft$165 / $168Sq Ft894 / 892DOM83 / 46New3Total57
Sales by Bedroom Count
2 Beds
Avg:$326,406Median:$294,776Range:$179,689 – $630,433PSF:$269 / $253Sq Ft:1,214 / 1,113DOM:66 / 49New:100Total:1,805
3 Beds
Avg:$491,517Median:$436,552Range:$219,756 – $1,212,747PSF:$270 / $256Sq Ft:1,664 / 1,569DOM:57 / 40New:332Total:5,071
4 Beds
Avg:$607,848Median:$564,094Range:$283,518 – $1,208,276PSF:$251 / $245Sq Ft:2,259 / 2,121DOM:57 / 39New:104Total:1,888
5 Beds
Avg:$815,352Median:$679,381Range:$444,792 – $1,465,520PSF:$249 / $225Sq Ft:2,918 / 2,604DOM:69 / 49New:32Total:640
6 Beds
Avg:$871,363Median:$771,072Range:$600,773 – $1,234,893PSF:$230 / $213Sq Ft:3,508 / 3,216DOM:82 / 70New:9Total:276
7 Beds
Avg:$892,461Median:$782,908Range:$697,577 – $1,176,817PSF:$215 / $195Sq Ft:3,816 / 3,592DOM:94 / 73New:5Total:104
8 Beds
Avg:$1,324,582Median:$1,277,042Range:$1,232,816 – $1,427,947PSF:$240 / $223Sq Ft:5,078 / 5,020DOM:95 / 70New:1Total:61
1 Beds
Avg:$235,888Median:$225,929Range:$184,662 – $338,073PSF:$249 / $240Sq Ft:1,047 / 967DOM:65 / 51New:16Total:469
Studio
Avg:$341,100Median:$277,510Range:$214,095 – $741,329PSF:$199 / $181Sq Ft:1,955 / 1,541DOM:102 / 87New:3Total:247
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $326,406 | $294,776 | $179,689 – $630,433 | $269 / $253 | 1,214 / 1,113 | 66 / 49 | 100 | 1,805 |
| 3 Beds | $491,517 | $436,552 | $219,756 – $1,212,747 | $270 / $256 | 1,664 / 1,569 | 57 / 40 | 332 | 5,071 |
| 4 Beds | $607,848 | $564,094 | $283,518 – $1,208,276 | $251 / $245 | 2,259 / 2,121 | 57 / 39 | 104 | 1,888 |
| 5 Beds | $815,352 | $679,381 | $444,792 – $1,465,520 | $249 / $225 | 2,918 / 2,604 | 69 / 49 | 32 | 640 |
| 6 Beds | $871,363 | $771,072 | $600,773 – $1,234,893 | $230 / $213 | 3,508 / 3,216 | 82 / 70 | 9 | 276 |
| 7 Beds | $892,461 | $782,908 | $697,577 – $1,176,817 | $215 / $195 | 3,816 / 3,592 | 94 / 73 | 5 | 104 |
| 8 Beds | $1,324,582 | $1,277,042 | $1,232,816 – $1,427,947 | $240 / $223 | 5,078 / 5,020 | 95 / 70 | 1 | 61 |
| 1 Beds | $235,888 | $225,929 | $184,662 – $338,073 | $249 / $240 | 1,047 / 967 | 65 / 51 | 16 | 469 |
| Studio | $341,100 | $277,510 | $214,095 – $741,329 | $199 / $181 | 1,955 / 1,541 | 102 / 87 | 3 | 247 |
Rental Market Overview
Median Rent
$1,882
+0.9%
Median DOM
27
−0.6%
New Listings
2,671
Inventory
15,657
−1.8%
- Average Rent: $2,049
- Median Rent: $1,882
- Rent Range: $1,014 – $5,046
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,293 / 1,060
- Square Footage Range: 484 – 6,198
- Days on Market (Avg/Median): 49 / 27
- Days on Market Range: 2 – 268
- New Listings: 2,671
- Total Listings: 15,657
Rentals by Property Type
Apartment
$1,578
Median DOM: 44
Inventory: 10,117
MoM: +0.9%
Condo
$1,649
Median DOM: 18
Inventory: 1,020
MoM: +0.9%
Single Family
$2,242
Median DOM: 17
Inventory: 1,634
MoM: +0.9%
Townhouse
$2,234
Median DOM: 38
Inventory: 2,819
MoM: +0.9%
Apartment
Avg/Median Rent$1,679 / $1,578Range$1,019 – $3,492Rent per Sq Ft$2 / $2Sq Ft1,069 / 799DOM67 / 44New1,649Total10,117
Condo
Avg/Median Rent$1,778 / $1,649Range$1,240 – $2,551Rent per Sq Ft$2 / $2Sq Ft966 / 847DOM33 / 18New332Total1,020
Single Family
Avg/Median Rent$2,452 / $2,242Range$1,370 – $4,320Rent per Sq Ft$2 / $2Sq Ft1,652 / 1,435DOM37 / 17New452Total1,634
Townhouse
Avg/Median Rent$2,335 / $2,234Range$1,482 – $3,817Rent per Sq Ft$2 / $2Sq Ft1,581 / 1,418DOM52 / 38New235Total2,819
Multi-Family
Avg/Median Rent$1,465 / $1,435Range$1,314 – $1,644Rent per Sq Ft$2 / $2Sq Ft924 / 904DOM60 / 57New3Total65
Manufactured
Avg/Median Rent$2,425 / $2,000Range$2,000 – $2,850Rent per Sq Ft$2 / $2Sq Ft1,275 / 650DOM—New0Total2
Rentals by Bedroom Count
Studio
Avg:$1,263Median:$1,231Range:$1,031 – $1,755PSF:$3 / $3Sq Ft:660 / 505DOM:64 / 42New:318Total:1,803
1 Beds
Avg:$1,459Median:$1,430Range:$981 – $2,293PSF:$2 / $2Sq Ft:949 / 747DOM:51 / 24New:1,002Total:5,963
2 Beds
Avg:$1,931Median:$1,845Range:$1,302 – $3,261PSF:$2 / $2Sq Ft:1,286 / 1,030DOM:53 / 36New:745Total:4,494
3 Beds
Avg:$2,628Median:$2,499Range:$1,808 – $4,094PSF:$2 / $2Sq Ft:1,543 / 1,417DOM:41 / 25New:446Total:2,451
5 Beds
Avg:$3,730Median:$3,441Range:$3,189 – $4,315PSF:$2 / $2Sq Ft:2,351 / 2,130DOM:57 / 48New:25Total:167
4 Beds
Avg:$3,151Median:$3,032Range:$2,379 – $4,203PSF:$2 / $2Sq Ft:1,971 / 1,794DOM:48 / 34New:126Total:711
8 Beds
Avg:$4,390Median:$4,530Range:$3,910 – $4,730PSF:$2 / $2Sq Ft:3,207 / 3,312DOM:89 / 74New:0Total:7
6 Beds
Avg:$3,078Median:$2,985Range:$2,521 – $3,503PSF:$1 / $1Sq Ft:2,355 / 2,313DOM:61 / 42New:6Total:48
7 Beds
Avg:$3,500Median:$3,542Range:$2,768 – $3,898PSF:$1 / $1Sq Ft:3,141 / 3,037DOM:89 / 83New:3Total:13
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,263 | $1,231 | $1,031 – $1,755 | $3 / $3 | 660 / 505 | 64 / 42 | 318 | 1,803 |
| 1 Beds | $1,459 | $1,430 | $981 – $2,293 | $2 / $2 | 949 / 747 | 51 / 24 | 1,002 | 5,963 |
| 2 Beds | $1,931 | $1,845 | $1,302 – $3,261 | $2 / $2 | 1,286 / 1,030 | 53 / 36 | 745 | 4,494 |
| 3 Beds | $2,628 | $2,499 | $1,808 – $4,094 | $2 / $2 | 1,543 / 1,417 | 41 / 25 | 446 | 2,451 |
| 5 Beds | $3,730 | $3,441 | $3,189 – $4,315 | $2 / $2 | 2,351 / 2,130 | 57 / 48 | 25 | 167 |
| 4 Beds | $3,151 | $3,032 | $2,379 – $4,203 | $2 / $2 | 1,971 / 1,794 | 48 / 34 | 126 | 711 |
| 8 Beds | $4,390 | $4,530 | $3,910 – $4,730 | $2 / $2 | 3,207 / 3,312 | 89 / 74 | 0 | 7 |
| 6 Beds | $3,078 | $2,985 | $2,521 – $3,503 | $1 / $1 | 2,355 / 2,313 | 61 / 42 | 6 | 48 |
| 7 Beds | $3,500 | $3,542 | $2,768 – $3,898 | $1 / $1 | 3,141 / 3,037 | 89 / 83 | 3 | 13 |
6-Month Sales Trend
Mar 2026
Median Price:$423,083Median DOM:37New:2,936Total:11,096
Apr 2026
Median Price:$418,806Median DOM:34New:2,749Total:11,935
May 2026
Median Price:$419,726Median DOM:34New:2,933Total:12,627
Jun 2026
Median Price:$416,594Median DOM:37New:2,819Total:12,809
Jul 2026
Median Price:$406,629Median DOM:43New:2,371Total:12,566
Aug 2026
Median Price:$406,577Median DOM:44New:666Total:12,425
6-Month Rental Trend
Mar 2026
Median Rent:$1,781Median DOM:28New:5,532Total:14,757
Apr 2026
Median Rent:$1,806Median DOM:27New:5,456Total:15,565
May 2026
Median Rent:$1,823Median DOM:23New:5,741Total:16,159
Jun 2026
Median Rent:$1,835Median DOM:24New:5,611Total:16,103
Jul 2026
Median Rent:$1,851Median DOM:27New:5,381Total:15,947
Aug 2026
Median Rent:$1,868Median DOM:27New:2,671Total:15,656
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, while total rental inventory tightened.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
ZIP Code Reports
Detailed reports for ZIP codes in Philadelphia Metro.