Greater Philadelphia recorded the largest home price increase in the country to start 2026, according to reporting from the Philadelphia Business Journal citing data from Homes.com.
The region’s median home price rose 8.6% year over year in January to $380,000, compared to $350,000 in January 2025. Nationally, median prices increased 2.8% during the same period, with the U.S. median reaching $374,900.
Among the 40 major metro areas surveyed:
- 20 saw price increases
- 19 experienced price declines
- Pittsburgh remained flat
Other East Coast metros posted smaller gains:
- Baltimore: +5.6%
- Washington, D.C.: +4.8%
- Boston: +3.7%
Despite rising prices, home sales declined. Data from Bright MLS shows:
- Sales fell 8.6% year over year in January (3,621 sales vs. 3,963 in January 2025)
- Month-over-month sales dropped 33.8% from December
- Active listings increased 8.4% year over year, with just over 10,000 listings at the end of January
Bright MLS indicated that while inventory levels are improving, limited supply continues to support price growth. The organization expects steadier activity during the spring market, though price growth may moderate.
Several counties saw double-digit price increases:
- Camden County: +12.1% (median $358,875)
- Gloucester County: +10.4% (median $370,000)
- Delaware County: +12.9% (median $361,250)
The report follows a previous projection that Greater Philadelphia would be among the 10 hottest housing markets in 2026.
