Philadelphia, PA
House prices for this metro area, real and nominal, since FHFA's series begins.
FHFA purchase-only, principal metropolitan division · 1991 Q1 to 2026 Q2 · real terms in 2024 dollars · built 2026-10-31
All metro areas · this area is philadelphia on the rankings · FHFA publishes the largest metros only as their principal metropolitan division, so this is the core of the metro rather than the whole of it.
The index
Real and nominal, first quarter of the series = 100; the shaded band is 2007 to 2012.
How this is measured
Real terms deflate each quarter by that year's US CPI, stated in 2024 dollars; the CPI runs to 2024, so later quarters sit at 2024 prices until the next print. Purchase-only means repeat sales of the same homes with refinance appraisals excluded, the cleaner of FHFA's two indices, published for the 100 largest metro areas.
One year
One year real +2.8%
nominal +2.8%
Five years
Five years real +9.7%
nominal +27.0%
Ten years
Ten years real +37.7%
nominal +80.0%
Twenty-five years
Twenty-five years real +102.5%
nominal +258.7%
Since 2000
Since 2000 real +123.6%
nominal +307.4%
2007 to 2012
crash, real −21.7%
2007Q2 to 2011Q4
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 436.2 | 436.2 | real year on year +4.1% |
| 2025 Q4 | 419.0 | 419.0 | real year on year +2.0% |
| 2024 Q4 | 411.0 | 411.0 | real year on year +3.9% |
| 2023 Q4 | 384.4 | 395.7 | real year on year −1.1% |
| 2022 Q4 | 373.4 | 400.2 | real year on year −0.5% |
| 2021 Q4 | 347.3 | 402.1 | real year on year +4.2% |
| 2020 Q4 | 318.2 | 385.7 | real year on year +8.4% |
| 2019 Q4 | 289.9 | 355.8 | real year on year +2.1% |
| 2018 Q4 | 278.8 | 348.3 | real year on year +4.2% |
| 2017 Q4 | 261.3 | 334.4 | real year on year +4.0% |
| 2016 Q4 | 246.0 | 321.5 | real year on year +5.5% |
| 2015 Q4 | 230.3 | 304.8 | real year on year +3.1% |
| 2014 Q4 | 223.2 | 295.7 | real year on year −0.2% |
| 2013 Q4 | 220.0 | 296.3 | real year on year +1.5% |
| 2012 Q4 | 213.6 | 291.8 | real year on year +3.5% |
| 2011 Q4 | 202.2 | 281.9 | real year on year −10.5% |
| 2010 Q4 | 219.0 | 315.0 | real year on year −5.0% |
| 2009 Q4 | 226.9 | 331.7 | real year on year +0.2% |
| 2008 Q4 | 227.3 | 331.2 | real year on year −6.0% |
| 2007 Q4 | 232.9 | 352.4 | real year on year −1.7% |
| 2006 Q4 | 230.3 | 358.3 | real year on year +2.4% |
| 2005 Q4 | 217.8 | 349.8 | real year on year +10.2% |
| 2004 Q4 | 191.2 | 317.5 | real year on year +15.4% |
| 2003 Q4 | 161.3 | 275.1 | real year on year +8.7% |
| 2002 Q4 | 145.1 | 253.0 | real year on year +12.4% |
| 2001 Q4 | 127.1 | 225.1 | real year on year +7.9% |
| 2000 Q4 | 114.5 | 208.6 | real year on year +4.6% |
| 1999 Q4 | 105.9 | 199.4 | real year on year +1.7% |
| 1998 Q4 | 101.9 | 196.2 | real year on year +2.3% |
| 1997 Q4 | 98.1 | 191.7 | real year on year −1.6% |
| 1996 Q4 | 97.4 | 194.7 | real year on year −2.8% |
| 1995 Q4 | 97.3 | 200.4 | real year on year −3.5% |
| 1994 Q4 | 98.1 | 207.6 | real year on year −4.6% |
| 1993 Q4 | 100.2 | 217.6 | real year on year −4.9% |
| 1992 Q4 | 102.4 | 228.8 | real year on year −2.4% |
| 1991 Q4 | 101.8 | 234.5 | — |
2026 Q2436 · real 436real year on year +4.1%
2025 Q4419 · real 419real year on year +2.0%
2024 Q4411 · real 411real year on year +3.9%
2023 Q4384 · real 396real year on year −1.1%
2022 Q4373 · real 400real year on year −0.5%
2021 Q4347 · real 402real year on year +4.2%
2020 Q4318 · real 386real year on year +8.4%
2019 Q4290 · real 356real year on year +2.1%
2018 Q4279 · real 348real year on year +4.2%
2017 Q4261 · real 334real year on year +4.0%
2016 Q4246 · real 322real year on year +5.5%
2015 Q4230 · real 305real year on year +3.1%
Source
FHFA House Price Index, purchase-only, quarterly, not seasonally adjusted, CBSA 37964. Real terms by the World Bank's US consumer price index, annual.