Pennsylvania median home prices hit an all-time high, jumping to $340,000 in June, according to the latest housing report prepared for the Pennsylvania Association of Realtors®. Home prices have increased since January and were up just over 6% compared to June 2025 when the median price was $320,000. 

This reflects the National Association of Realtors® existing-home sales report, where Dr. Lawrence Yun, NAR chief economist, noted, “The (national) median home price has reached an all-time high. Even so, affordability is better than a year ago because wage growth is outpacing home price growth. However, progress on long-term housing affordability could be hampered if inventory growth continues to stall. Without consistent gains in inventory, home prices can accelerate. It is critical to introduce more supply to the market to widen the opportunity for homeownership.”

The new highs in home values typically reflect a combination of steady buyer demand, limited housing inventory and confidence in real estate as a long-term investment. Ultimately, the increases we’re seeing in home prices show that housing remains a valuable asset.

The market saw an increase in sales, both month-over-month and year-over-year, with more than 13,000 sales in June. Sales were up more than 19% compared to May this year and were up 3% compared to the same time last year.

There were 45,870 listings on the market in June, up slightly from the previous month, but down about 3% year-over-year.

Pennsylvania is continuing to see a seller’s market, but it’s inching toward a more balanced market. The only area with less than four months of inventory is homes priced between $250,000 to $374,999. Homes priced more than $875,000 have more than six months of inventory, and those priced more than $2 million have a 15-month supply.

For homeowners, these strong prices help build equity, strengthen household wealth and provide financial flexibility. These higher prices reflect that housing remains a highly desired asset and that prospective buyers will need to plan and prepare for buying a home. As Realtors®, we know that working with a real estate professional can help consumers accomplish their dreams of owning a home.