According to data from ClosingCorp, the average closing cost in Pennsylvania is $9,437.44 after taxes, or approximately 3.15% to 4.72% of the final home sale price.
Closing cost stats in Pennsylvania
Across the state, the average home sells for between $200,000 and $300,000. If you buy a property in that range, expect to pay between $6,291.63 and $14,156.16 in closing costs after taxes.
Data | Value |
---|---|
Average home sale price | $200,000 to $300,000 |
Average total closing cost | $9,437.44 |
Expected closing cost range | $6,291.63 to $14,156.16 |
Percentage of closing cost to home sale price | 3.15% to 4.72% |
How much does tax affect the closing cost?
Buyers and sellers in Pennsylvania pay an average of $6,392.46 in tax combined for the closing. This accounts for 67.74% of the total average closing cost in Pennsylvania.
Value | |
---|---|
Average tax paid | $6,392.46 |
Percentage of total closing cost | 67.74% |
How do closing costs in Pennsylvania compare nationally?
The closing costs for buying a home in Pennsylvania are amongst the nation's highest after accounting for taxes. It’s 47 in our rankings which rates states from lowest to highest closing cost.
Average total closing cost in Pennsylvania | Ranking* | |
---|---|---|
Before taxes | $3,044.98 | 8 |
After taxes | $9,437.44 | 47 |
*Ranked from lowest to highest of the 50 states plus Washington DC
Bottom line
Closing costs are inevitable when you're buying or selling a property. The exact amount will vary depending on where the property is located in Pennsylvania.
To save on your home loan, consider comparing the fees and rates of top lenders before signing.
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