Philadelphia, PA 19120 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Property Taxes

Liquidity & Velocity

Market Trends & Context

Key Findings

1. The neighborhood's representative recent sale shows a median sold price of 193,000, which should be treated as the primary indicator of current market value and recent transaction activity; price trend is up year-over-year, so underwrite offers using recent solds rather than asking prices.
2. The median listing price of 190,000 sits very close to the median sold price, and the market's median price per square foot of 155 suggests comparables should be tied to actual sales PPSF when setting list prices or evaluating offers; this alignment appears to signal a relatively balanced pricing relationship between asks and completed transactions.
3. A median days on market of 233 signals slower sales velocity and increased time to contract, which may indicate pricing friction or a need for more aggressive marketing; slower transaction volume suggests sellers should consider targeted price positioning or concessions to accelerate offers.
4. Market context is broadly balanced with a market temperature of neutral, rent momentum supportive (median market rent 1,272 with rent year-over-year trend up), and interest rate pressure described as moderate; moderate interest rate pressure means buyers remain active but underwriting should account for funding cost sensitivity.

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.