Pa Homes For Sale Zillow (2024)

FAQs

How much do houses cost in PA? ›

There are currently 37,796 homes for sale in Pennsylvania. The median list price in Pennsylvania is $315,000 and the average price per square foot is $181.

Best Time to Sell Your House for a Higher Price

June, July, and August are the best months to sell your house in Pennsylvania. The median sale price of houses in June 2023 was $298,400, which is expected to rise in 2024.

Average Home Prices: The average median home price in Pennsylvania is $264,700, up by 6.6% YoY. In 2024, experts predict the median sale price will increase due to the tight inventory. Currently, the sale-to-list price ratio is at 97.9%, with an increase of 0.6% YoY compared to January 2023.

How accurate is a Zestimate? Zestimates are generally quite accurate. The median error rate for the Zestimate of U.S. houses on the market is just 1.9 percent. The median error rate for houses that are not on the market is higher, at 6.9 percent, but still close enough to do your preliminary planning.

Pennsylvania Housing Market Overview

In March 2024, home prices in Pennsylvania were up 6.8% compared to last year, selling for a median price. On average, the number of homes sold was down 9.42% year over year and there were 9,247 homes sold in March this year, down 10,205 homes sold in March last year.

According to Fannie Mae's April 2024 Home Purchase Sentiment Index, about two-thirds of respondents — 67 percent — feel it is a good time to sell.

Here's how each month of the year ranked for the best time to sell a house. The highest-earning months are, in ranking order, May, June, April and March. Just over 18 million purchase transactions took place during this period, according to ATTOM.

All gains realized from selling, exchanging, or disposing of any type of property are taxed according to the Pennsylvania Personal Income Tax (PA PIT) system, meaning they are taxed as personal income. According to the PA-DoR's Personal Income Tax portal, Pennsylvania's personal income tax rate is a flat 3.07%.

The months from March to June are the best time to buy a house in Pennsylvania. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.

Does Pennsylvania have affordable housing? ›

Pennsylvania has a variety of housing programs and services that can help older adults and people with disabilities, individuals and families with low incomes, or those who are at-risk of, or experiencing, homelessness.

Factors such as algorithm changes, missing data, market shifts, or even incorrectly listed information can affect the accuracy of Zillow's estimates. Consulting a professional realtor for a comparative market analysis (CMA) is recommended to assess your home's value more accurately.

Where does my estimated home value come from? We get your home value from a property valuation company. They are a 20-year veteran in the property valuation market and provide this data to lenders for use in the mortgage lending process. They determine the value of your home using automated models.

Zillow: Redfin is more accurate when valuing homes. Both Zillow and Redfin give homes an approximate value, but the Zestimate provided by Zillow has proven slightly less accurate than Redfin's estimate. Final numbers depend significantly on the local market and demand for a property in your particular location.

The average annual cost of living for a Pennsylvania family of four — two adults and two children — was $87,500 for 2023. That's the 27th highest among states, according to a study by personal finance website GOBankingRates.com.

💸 Home Building is Expensive

Expensive labor, supply chain issues, and a rise in material costs can further increase your expenses. In most cases, it is more affordable to buy a home for sale in Pennsylvania and move in quickly.

The cost of living in Pennsylvania is 4% lower than the national average. Nevertheless, it is also home to some of the most expensive cities in America. However, if you want to shift to Pennsylvania, you can find affordable housing in cities like Sharon, Oil City, and Johnstown.