Philadelphia, PA 19120 Real Estate Market Report

ZIP Code: 19120
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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 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.

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Key Findings

1. median sold price: 194,500 — The median sold price remains the primary indicator of realized market value and shows the market is sustaining moderate appreciation; up price momentum from year-over-year trends supports continued seller value capture while keeping transactions orderly.

2. median listing price: 189,900 vs. the median sold price indicates a narrow gap between asking and achieved values, which may suggest limited pricing friction and a balanced buyer-seller dynamic rather than aggressive bidding.

3. median days on market: 220 is materially long and signals slower sales velocity and extended marketing periods; this appears consistent with a neutral market temperature where buyers have time to evaluate but sales still occur.

4. median price per square foot: 158 and median market rent: 1,300 together suggest price points and rent levels for SFR and condo product that remain stable while rent growth is flat (flat rent year-over-year), and elevated interest rate pressure (elevated) may continue to moderate buyer activity despite positive price trends.

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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.