PA Home Prices Shot Up 3+ Percent Since Last Year: See Latest Data

PENNSYLVANIA — People buying a home in the Keystone State are paying about $8,667 more in 2023 than at this time last year, according to recently-released data from Zillow.

Patch looked at how home prices have changed in every state, based on the most recent Zillow Home Value Index data released earlier in October (data goes through the end of August). And, we found that Pennsylvania’s typical home value rose 3.48 percent.

Since last August, home prices rose by at least a small percentage in 37 states based on ZHIV data. The highest increase was in Connecticut, a 7.99 percent increase from $352,806 in 2022 to $381,011 in 2023.

The ZHIV reflects the typical value for homes in the 35th to 65th percentile range. This data is a measure of the typical home value and market changes across a given region and housing type.

Generally, home prices increased most in the Northeast and Midwest; the biggest decreases from August to August were in Western states: Arizona (-6.06 percent), Idaho (-6.55 percent), and Nevada (also -6.55 percent).

The average Pennsylvania home value is $257,267, the 35th-highest home value among all 50 states. But when looking at how much home prices changed from year to year, Pennsylvania was the 16th highest.

Take a look at how home prices changed in all 50 states and the District of Columbia below, or click here to open the table in a new window.

Related article:

• Home Prices Went Up In 52 PA Counties Since Last Summer: See How Much