The Philadelphia region ranks among the top markets in the country for mansions, with 32,400 properties located throughout the area, according to a new analysis by Zillow, writes Michaelle Bond for The Philadelphia Inquirer.
Zillow defines mansions as homes that have 5,000 square feet or more of finished living space. In the region, the median mansion offers 5,936 square feet.
“Mansions hold a lot of cultural weight as a status symbol,” said Kara Ng, senior economist at Zillow.
According to Zillow’s home value estimates as of June 30, the median value of a Philadelphia metro mansion is $1,373,800. A starter mansion, defined as an entry-level 5,000-square-foot home, in the area has a median value of just over $1,000,000.
Soaring prices in the past several years have reduced the chances of purchasing a mansion for under $1 million. In June 2021, 45 percent of the country’s mansions were listed under $1 million.
Today, just 30 percent of mansions are listed below that price.
The number is even lower in the region, where 23 percent of mansions are valued at less than $1 million, down from around 46 percent in June 2021.
Read more about the mansion market in the Philadelphia region in The Philadelphia Inquirer.
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Editor’s Note: This post was originally published on PHILADELPHIA.Today in August 2025.
