Home sale prices in Philadelphia rose 8.6% in January compared to the same month last year, ranking as the fastest-appreciating U.S. metro for price growth.
Philadelphia ranked 1st among the top 40 U.S. markets for annual sale price change
Philadelphia’s housing market led the top 40 U.S. metros with an 8.6% median home sale price increase in January 2026—the highest since February 2025. Recent gains signal accelerating buyer demand, with active sale listings also rising heading into 2026. Philadelphia was one of only a few markets outside the Midwest to see very strong price appreciation, outgaining markets like Detroit, which ranked second at 7.4%.
Philadelphia’s median home sale price increased by $30,000 in January
Philadelphia's median home price surged $30,000 year over year in January, topping the 40 largest U.S. markets. The gain doubled last January's $15,000 year-over-year rise and dwarfed the national average of $4,900, underscoring local appreciation momentum.
Philadelphia’s detached homes posted the largest dollar gain, rising by $33,500
Detached homes led dollar gains with an annual median sale price increase of $33,500, equivalent to a 7.8% rise. Meanwhile, attached homes and condos both climbed $25,000, or 9.3%. This pattern underscores suburban detached homes as the region's most sought-after segment, with enduring strong appreciation. Meanwhile, attached homes—concentrated in the city core and inner-ring suburban townhome clusters—are seeing renewed buyer demand.
For questions and commentary about this report:
Brenda Nguyen, Director of Market Analytics at CoStar and Homes.com, based in Philadelphia, is available for interviews to provide expert insights on this data and the broader residential real estate market.
Brenda Nguyen
Director of Market Analytics
Homes.com
Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all home sales are accounted for, they provide an early indication of home sale price appreciation in Philadelphia during January 2026.
Definition of Sale Prices
Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.
For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.
About the Homes.com Market Analytics Team
The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.
About Homes.com Analytics Data
The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.
The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.