Philadelphia, PA 19103 Real Estate Market Report

ZIP Code: 19103
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the Philadelphia housing market is characterized by a median sold price of $1,450,000, reflecting a robust demand despite elevated inventory levels. The market has shown a positive trend, with prices up year-over-year, indicating a strengthening in buyer interest and market confidence. The median days on market stands at 298, suggesting slower sales velocity, which may indicate buyers are taking more time to make decisions in the current market environment.

The median listing price of $2,495,000 presents a significant gap compared to the sold price, highlighting potential pricing friction as sellers adjust expectations in response to market conditions. The market temperature is currently assessed as neutral, suggesting a balance between supply and demand, although the elevated inventory levels relative to sales activity may lead to a more cautious approach among buyers and sellers alike.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Philadelphia are averaging 6.38%, which is 0.26% higher than the 2026 average of 6.12%.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $1,450,000 indicates strong market performance, reflecting actual transaction values rather than listing expectations.

2. With 298 days on market, the sales velocity appears slower, suggesting that buyers may be exercising caution in their purchasing decisions.

3. The median listing price of $2,495,000 indicates a notable gap from sold prices, which may lead to pricing friction as sellers adjust their expectations.

4. Market conditions are currently assessed as neutral, indicating a balance between supply and demand, yet elevated inventory levels may suggest moderate interest rate pressure.

5. Rental demand remains strong with a median market rent of $3,130, indicating stability in the rental sector despite broader market dynamics.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.