LEMOYNE, PA — Pennsylvania’s housing market saw median home sales prices rise 6.4% in August compared to last year, according to a new report prepared for the Pennsylvania Association of Realtors® (PAR).
The median sales price reached $319,250 last month, up from $300,000 in August 2024. Prices held steady from July to August of this year.
Home listings rose nearly 7% year-over-year to 41,497 in August, though inventory dipped slightly—about 2%—from July. Sales remained consistent with 11,470 homes sold, matching August 2024 levels.
“With both prices and inventory holding steady, Pennsylvania’s housing market is showing a welcome sense of stability for buyers and sellers alike,” said Bill Lublin, PAR president and CEO of Century 21 Advantage Gold in Philadelphia.
The market now turns its attention to interest rates following the Federal Reserve’s recent rate cut. “When the Federal Reserve adjusts interest rates, it can directly influence mortgage costs,” Lublin said. “Even small shifts can affect a buyer’s monthly payment, making affordability a key factor in today’s housing decisions. A trusted Realtor® and lender can help navigate the shifts, ensuring clients make confident decisions about their homebuying process.”
The report suggests steady pricing and consistent sales are providing buyers and sellers with a rare sense of predictability in a housing market that has faced sharp swings in recent years.
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