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 primary market indicator, the median sold price, is 199,900 and represents the most reliable signal of recent transaction value in 19121; the median listing price of 225,000 suggests a persistent pricing gap where seller expectations may exceed recent sale prices, which may indicate limited upward pressure on closing prices.
2. The neighborhood shows slow turnover with a median days on market of 268, which points to slower sales velocity and longer negotiation timelines relative to faster-moving markets; this may require sellers to be patient or adjust pricing to accelerate transactions.
3. Rents are softening while sale prices are holding: median market rent is 1,650 and the rent year-over-year trend is down, which may reduce near-term investor yield expectations and could temper investor-driven bidding on SFR and condo assets.
4. Macroeconomic headwinds are present but not extreme: price year-over-year trend is up while market temperature is neutral, and interest rate pressure is moderate with current mortgage conditions noted as 30-year fixed at 6.75% versus an earlier 6.25%; this combination suggests a balanced market where buyers and sellers should expect measured negotiation rather than aggressive pricing shifts.

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.