Market Snapshot
- Median listing price
- $193K
- Median rent
- $1,150/mo
- Days on market
- 22 days
- Gross rental yield
- 7.15%
- STR vs LTR
- $1,145/mo STR · $1,150/mo LTR
The median listing price in Philadelphia, PA ZIP 19124 is $192,900 as of August 2026.
The median market rent in Philadelphia, PA ZIP 19124 is $1,150/month as of August 2026.
The median days on market in Philadelphia, PA ZIP 19124 is 22 days as of August 2026. The market is currently neutral.
At a median list price of $192,900 and a median rent of $1,150/month, the gross rental yield in Philadelphia, PA ZIP 19124 is 7.15% as of August 2026.
In Philadelphia, PA ZIP 19124, median Airbnb revenue is $1,145/month compared to median long-term rent of $1,150/month as of August 2026.
Philadelphia, PA 19124 Real Estate Market Report
ZIP Code: 19124
Report Date: August 2026
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.
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
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.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates for properties in Philadelphia PA 19124 average 6.67%, reflecting a stable market environment for typical loans originated earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The market's primary indicator, the median sold price, is 171,850, which signals recent transaction-level value and suggests sellers should align expectations with realized sale outcomes rather than listing hopes; use sold comps when validating offers and pricing.
- The median listing price is 192,900 while the median sold price remains 171,850, indicating a pricing gap that may create pricing friction—sellers who price near recent sold levels are more likely to convert listings into contracts.
- Liquidity appears moderate with a median days on market of 22, which points to steady but not frenzied turnover and suggests agents should emphasize presentation and targeted marketing to maintain pace; moderate transaction velocity may reward accurate pricing.
- Macro and financing context matters: price trends are up year-over-year for prices, rent trends are flat, and interest rate pressure is elevated with typical 30-year fixed rates around 6.67%, so investors and owner-occupiers should model financing costs explicitly and anticipate higher borrowing costs affecting buyer affordability.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Quick sale indicating strong buyer demand and competitive market conditions.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.67% rate, 0.9% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 8/19/2026
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