Philadelphia, PA 19120 Real Estate Market Report

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

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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 market average around 6.43% to 6.63% in March 2026, which is approximately 0.4% higher than the average rate of 6.22% seen one year ago.

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, indicating a competitive market despite slower transaction volumes.

2. With 211 days on market, properties are experiencing slower sales velocity, suggesting potential pricing friction for sellers.

3. The median listing price of $190,000 reflects seller optimism, but the gap with sold prices may impact negotiations.

4. Year-over-year trends show prices are up, indicating a resilient demand despite elevated interest rate pressure.

5. The market is classified as hot, suggesting ongoing buyer interest even amidst elevated mortgage rates.

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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.