Philadelphia, PA 19134 Real Estate Market Report

ZIP Code: 19134
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Philadelphia, PA (ZIP: 19134) is $134,999, reflecting a robust market despite a slight moderation in transaction activity. The neighborhood has increased up since 2023, indicating a positive trend in home values. With a median listing price of $165,000, there is a notable pricing gap that may suggest seller expectations are higher than current market realities.

Market velocity appears to be slower, with properties spending a median of 152 days on market. This extended duration may indicate a cooling in buyer urgency or a mismatch between pricing and buyer expectations. Additionally, elevated inventory levels relative to sales activity suggest a market that is still adjusting to the dynamics of supply and demand, despite the overall hot market temperature.

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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 19134 market average around 6.00% to 6.17%, which is notably lower than the 6.85% average seen one year ago in February 2025.

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 $134,999 indicates a healthy market, with prices generally up compared to previous years.

2. With a median listing price of $165,000, there is significant pricing friction, suggesting sellers may need to adjust expectations to align with buyer sentiment.

3. Properties are taking a median of 152 days on market, indicating a slower sales velocity and potential buyer hesitance in the current market.

4. The median market rent of $1,789 reflects strong rental demand, which may support overall housing market stability.

5. The property tax rate at 1.3998% remains a critical factor for buyers, impacting overall affordability in the region.

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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.