Philadelphia, PA 19120 Real Estate Market Report

ZIP Code: 19120
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Philadelphia, PA (ZIP: 19120) stands at $185,000, reflecting a dynamic market environment. The neighborhood has increased up since 2023, indicating a positive trend in property values. However, the market is currently experiencing elevated inventory levels, which may suggest a shift towards a more balanced market as buyer activity moderates. The median days on market is 166, indicating slower sales velocity, which could be attributed to elevated interest rate pressure influencing buyer decisions and contributing to a 'lock-in effect'.

Despite the $205,000 median listing price, the gap between listing and sold prices highlights potential pricing friction, suggesting sellers may need to adjust expectations to align with current buyer sentiment. Overall, the market remains hot, but the transition towards balance may create opportunities for both buyers and sellers as conditions evolve.

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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

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Philadelphia area around 5.88% are notably lower than the 6.85% average seen one year ago, presenting a cost opportunity for recent borrowers.

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 is $185,000, reflecting a positive trend in property values.

2. The market is characterized by 166 days on market, indicating slower sales velocity and potential buyer hesitation.

3. With a median listing price of $205,000, there is notable pricing friction that may require seller adjustments.

4. The median market rent is $1,789, suggesting strong rental demand in the area.

5. Current interest rate pressure is elevated, which may influence buyer behavior and 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.