Philadelphia, PA 19121 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

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.

Market Trends & Context

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

Key Findings

1. The neighborhood's median sold price 237,300 is the primary indicator of recent market value and suggests realized transaction levels consistent with a neutral market temperature; neutral broader conditions appear to be reflected in recent sales activity.
2. There is a noticeable gap between the median listing price 209,900 and the median sold price 237,300, which may indicate pricing friction or that sellers who reach agreement are transacting above typical asking levels rather than below; caution is warranted when setting list strategy.
3. The median days on market 514 points to slower sales velocity and suggests longer negotiation windows and underwriting timelines for buyers and sellers; slower sales velocity may indicate liquidity constraints despite neutral market temperature.
4. Rental fundamentals remain supportive with a median market rent 1,600 and a rent year-over-year trend of up, but elevated interestRatePressure (current 30-year fixed at 6.61% with earlier 2026 originations near 6.84%) introduces financing headwinds that may restrain near-term buyer affordability and influence pricing dynamics.

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.