PA Median Home Sales Price Jumps in March

Our state housing market saw a modest uptick, rising 5.2% year over year in March, according to the latest housing report prepared for the Pennsylvania Association of Realtors®. The March median home sales price was $300,000, up just over 4% compared to February.

The number of sales fell 9.7% compared to the same time last year, hitting over 8,100 in March. However, sales increased more than 20% compared to the previous month.

Pennsylvania’s market reflects what the National Association of Realtors® reported for the existing-home median price in the Northeast, with a 5.7% jump year over year in March. However, the Northeast saw an 8.5% decrease in sales month-over-month, which differs from Pennsylvania’s 20% increase in sales month-over-month.

NAR Chief Economist Dr. Lawrence Yun noted in a press release, “Inventory remains a major constraint on the market. The inventory-to-sales ratio, or supply-to-demand ratio, is below historical norms. An additional 300,000 to 500,000 homes for sale (nationally) would help bring the market closer to normal conditions and allow consumers to make purchase decisions without feeling rushed.”

In Pennsylvania, we’re seeing a reserved spring boost for the market with more sales in March compared to February. The jump in price signals a steady demand, as well as the inventory shortfall the commonwealth continues to see.

Housing inventory rose compared to last month but remains below levels seen at the same time last year, highlighting a constrained market. There were over 37,200 homes listed on the market in March, up more than 9% from the previous month, yet down that same percentage from March 2025.

The commonwealth’s housing market is showing signs of gradual adjustment, with modest price growth and a slight increase in listings month over month. However, inventory is still trailing last year’s levels, reflecting a market that remains tight but is slowly finding balance.

It’s important for consumers to understand that buying or selling a home is one of life’s biggest financial decisions and having a trusted real estate professional by your side provides the expertise, guidance and advocacy needed to navigate every step with confidence.