Philadelphia, PA 19131 Real Estate Market Report

ZIP Code: 19131
Report Date: May 2026
Market Temperature: HOT
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 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 19131 area are averaging 6.3%, which is approximately 0.2% lower than the 6.5% average observed earlier in 2026.

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 neighborhood's primary market indicator is the median sold price of $169,950, which represents the most reliable signal of realized value and recent transaction activity in the 19131 sample and suggests pricing is firm relative to asking levels.

2. The median listing price is $179,900, creating a visible price gap versus the median sold price that may indicate pricing friction between seller expectations and final transaction levels, while the market temperature is hot supporting continued seller-side momentum.

3. Liquidity appears muted despite a hot market: the median days on market is 233, which likely points to slower sales velocity and extended listing periods even as price year-over-year trend is up.

4. Financing and rental context: median price per square foot is $127 and median market rent is $1,487, with interest rate pressure labeled elevated and local 30-year fixed rates averaging 6.3%, a factor that may dampen buyer affordability even as rent trends remain flat.

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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 19131 Real Estate Market Report

ZIP Code: 19131
Report Date: May 2026
Market Temperature: HOT
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

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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 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 19131 area are averaging 6.3%, which is approximately 0.2% lower than the 6.5% average observed earlier in 2026.

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 primary market-value signal is the median sold price $139,900, which indicates recent transaction-level pricing and suggests that closed deals cluster below asking levels where the median listing price $160,000 sits; this gap may indicate pricing friction between seller expectations and final sale outcomes (caution).

2. Market momentum is positive: price year-over-year trend is up and market temperature is hot, which together suggest continued price support despite slower sales velocity implied by a long median days on market 260 (up).

3. Liquidity appears constrained in the analyzed sample with relatively constrained active supply versus sales activity, producing a scenario where sustained demand and a median price per square foot 146 support seller pricing power even as transactions take longer to close (stable).

4. Macro and rental signals add nuance: interest rate pressure is elevated while rent year-over-year trend is flat and median market rent is $1,400; elevated rates may temper buyer urgency even as a hot market and rising prices keep pressure on available inventory (elevated).

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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.