Key Takeaways:
- Highest Inventory Since 2022: The Pennsylvania housing market saw its largest number of home listings in three years, with over 43,000 properties available in September.
- Prices Remain Strong: The median home price held steady at $299,900, marking a 3.4% increase compared to the same time last year.
- Sales Volume Jumps: Home sales experienced a significant surge, climbing nearly 10% year-over-year, indicating robust buyer demand.
- A More Balanced Market: The increase in listings is creating more opportunities for buyers and fostering greater stability in the statewide housing market.
Pennsylvania’s Housing Market Sees Unprecedented Surge in Listings
The Pennsylvania real estate landscape is shifting, offering a glimmer of hope for prospective homebuyers who have faced a competitive market for years. According to a new report for the Pennsylvania Association of Realtors® (PAR), the state witnessed the largest number of home listings since 2022, signaling a significant increase in opportunities for buyers.
In September, the housing inventory swelled to more than 43,000 homes on the market. This represents a 7% increase from September 2024 and a notable rise from the 41,500 listings recorded just a month earlier in August 2025.
What This Means for Home Prices and Sales
Despite the influx of new inventory, the market fundamentals remain strong. The median home price continued its upward trend, settling at $299,900 in September. This figure is up 3.4% compared to the previous year, although it did see a slight 6% dip from the previous month, suggesting a potential stabilization.
This increased inventory has not dampened buyer enthusiasm. In fact, home sales escalated by nearly 10% year-over-year, with 10,696 transactions completed in September.
Expert Insight: A Stable and Balanced Market
Bill Lublin, PAR president and CEO of Century 21 Advantage Gold, views these trends as a positive sign for the market’s health.
“Listings, sales and prices have all increased compared to this time last year,” said Lublin. “The rise in new listings has helped create a more balanced market, while steady demand has supported higher sales and prices. Overall, these trends point to continued stability in housing activity year over year.”
Lublin emphasized the complexity of the current market, noting the interplay of changing inventory levels and fluctuating interest rates.
“With changing inventory levels, fluctuating interest rates and varying local conditions, it’s essential for buyers and sellers to have a knowledgeable Realtor® guiding them through the process,” he added. “Realtors® provide expertise, negotiation skills and market insight that help consumers make informed decisions and achieve the best possible outcomes in any market environment.”
This data highlights a pivotal moment for Pennsylvania’s housing market. The surge in listings provides much-needed relief for buyers, creating a more balanced environment where supply is beginning to catch up with persistent demand.
Image Referance: https://www.morningstar.com/news/pr-newswire/20251022dc04276/rising-home-listings-signal-increased-opportunities-for-homebuyers