Philadelphia, PA 19132 Real Estate Market Report

ZIP Code: 19132
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Philadelphia, PA (ZIP: 19132) shows a median sold price of $89,000, reflecting ongoing home value appreciation. This area has experienced a price trend that is up, suggesting a resilient market despite the challenges posed by elevated inventory levels. The median listing price stands at $125,000, indicating a significant gap between seller expectations and actual transaction values, which may create pricing friction for potential buyers.

The market is characterized by a median of 211 days on market, indicating a slower sales velocity and a potential shift towards a more balanced market. Elevated inventory levels relative to sales activity suggest that while demand remains strong, the supply is beginning to catch up, leading to a more moderate transaction environment. This shift may indicate a transition towards a more stable market dynamic, which could benefit both buyers and sellers in the long run.

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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 Philadelphia market around 5.88% to 6.07% are notably lower than the 6.85% average seen one year ago in early 2025, presenting a cost opportunity for recent borrowers.

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 $89,000 indicates ongoing appreciation in home values, despite a notable gap with the median listing price of $125,000.

2. With 211 days on market, the area is experiencing slower sales velocity, suggesting potential challenges in liquidity for sellers.

3. The market temperature is currently hot, reflecting strong demand despite elevated inventory levels.

4. The median market rent of $1,789 is up, indicating robust rental demand supported by positive local economic drivers.

5. Current mortgage rates ranging from 5.88% to 6.07% present a cost opportunity for buyers compared to the previous year's rates.

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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.