Philadelphia, PA 19121 Real Estate Market Report

ZIP Code: 19121
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. $210,000 median sold price is the primary indicator of market value and recent transaction activity in 19121; this level, compared with the $225,000 median listing price, suggests a pricing gap that may indicate sellers are listing above recently achieved sale levels, and buyers are negotiating toward the representative recent sale range.

2. The median days on market of 245 indicates slower sales velocity and extended listing periods relative to faster-turn markets; this prolonged marketing time suggests pricing friction and the need for realistic pricing or targeted marketing to improve liquidity.

3. Price momentum is positive: the market shows up price year-over-year trend, while the market temperature is neutral, signaling steady appreciation without an overheated market; investors and owner-occupiers should plan for gradual price growth rather than rapid gains.

4. Rents and financing dynamics add nuance: the median market rent of $1,650 is trending down, and interest-rate conditions are under elevated pressure; together these factors may constrain near-term buyer affordability and favor buyers timing purchases when financing improves.

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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.

Philadelphia, PA 19121 Real Estate Market Report

ZIP Code: 19121
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo 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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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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.

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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. The neighborhood’s primary market indicator, median sold price $330,000, suggests steady transaction-level value and supports the view that recent comps are setting pricing around this level; up year-over-year price trend reinforces underlying price resilience.

2. The market shows extended selling timelines, with median days on market 337, which points to slower sales velocity and pricing friction that may require sellers to be patient or adjust expectations to close deals.

3. Valuation intensity as measured by median price per square foot 254 is consistent with mid-tier urban product, while median market rent 1,600 combined with a down rent year-over-year trend may indicate softer near-term rental demand or rent pressure for investors.

4. Despite price growth, the broader market reads as balanced: market temperature is reported as neutral and interest rate pressure is elevated, which together suggest buyers and sellers are negotiating under caution rather than one-sided advantage.

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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.