Home Values

Pennsylvania Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$151,900

  • 4.3% 1-year change
  • 1.8% 1-year forecast

The median home value in Pennsylvania is $151,900. Pennsylvania home values have gone up 4.3% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in Pennsylvania is $111. The median price of homes currently listed in Pennsylvania is $175,000 while the median price of homes that sold is $164,000. The median rent price in Pennsylvania is $1,150.

Foreclosures will be a factor impacting home values in the next several years. In Pennsylvania 5.4 homes are foreclosed (per 10,000). This is greater than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Pennsylvania is 6.7%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Pennsylvania homeowners underwater on their mortgage is 15.4%.

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Relative ZHVI
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Pennsylvania Market Overview

Data through Oct 31, 2014
  • $151,900 ZHVI
  • 1.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $175,000 Median listing price
  • $164,000 Median sale price
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Pennsylvania Market Health

Data through Oct 31, 2014
  • 3.8/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • 107 Average days on Zillow (Sep 30, 2014)
  • 15.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

5.4 homes Pennsylvania
4.5 homes United States
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Cities in Pennsylvania

Name Median ZHVI
West Chester $359,000
Bethlehem Township $159,000
Philadelphia $117,100
Name Median ZHVI
Allentown $100,500
Pittsburgh $89,800
Scranton $83,300
Name Median ZHVI
York Township $81,500
Erie $78,100
Reading $57,500

Listings & Sales

Data through Oct 31, 2014
  • $111 Median list price / sq ft
  • $114 Median sale price / sq ft
  • 43.3% Listings with price cut
17.4%
Sold below listing
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Pennsylvania Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,220 Pennsylvania
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $1,150 Rent list price
  • $1.00 Rent list price / sq ft
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