Pennsylvania started 2024 with a total of 12,347 single-family homes on the market, with a median home price of $284,900 and an average price per square foot of $194.26. By the end of the year, inventory had increased to 15,201 homes on the market (+23%), with a median home price of $299,900 (+5%), and an average price per square foot of $196 (+1%).
At the start of 2024, the median days on market (DOM) was 77 days – by the end of the year, median DOM had decreased to 77 days.
Pennsylvania started the year with 34.92% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 36.03% of homes for sale had taken a price cut.
