Philadelphia, PA 19131 Real Estate Market Report

ZIP Code: 19131
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Philadelphia housing market in ZIP 19131 is characterized by a median sold price of $175,000, reflecting the actual transaction activity and indicating a steady appreciation trend. The market has shown resilience, with prices generally up year-over-year, suggesting a robust demand despite the current conditions. The median days on market stands at 186, indicating a slower sales velocity, which may suggest that buyers are taking more time to make purchasing decisions in the current climate.

Inventory conditions reveal elevated inventory levels relative to sales activity, which may create opportunities for buyers but also presents challenges for sellers aiming to achieve optimal pricing. The median listing price of $189,500 indicates a pricing gap that may lead to pricing friction, as sellers adjust expectations in response to market realities. Overall, the market remains hot, driven by strong local economic factors, despite signs of a slight shift toward a more balanced environment.

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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 Philadelphia, PA, around 5.72% to 6.25% are generally lower than the average rates seen earlier in 2026, presenting a potential cost advantage for new financing.

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 median sold price of $175,000 indicates strong market activity, reflecting ongoing buyer demand.

2. With a median days on market of 186, the market is experiencing slower sales velocity, suggesting buyers are more cautious in their purchasing decisions.

3. The median listing price of $189,500 shows a notable gap compared to the sold price, indicating potential pricing friction for sellers.

4. The rental market is also performing well, with a median market rent of $1,789, which is up year-over-year, reflecting stable demand for rental properties.

5. Current mortgage rates ranging from 5.72% to 6.25% may present a cost advantage for buyers, potentially stimulating market activity.

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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.