Philadelphia, PA 19140 Real Estate Market Report

ZIP Code: 19140
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

As of February 2026, the real estate market in Philadelphia, PA (ZIP: 19140) is characterized by a median sold price of $115,000, reflecting a stable transaction environment. The neighborhood has increased 15% since 2023, indicating a positive trend in property values. Despite this appreciation, the market is experiencing elevated inventory levels, which may suggest a shift towards a more balanced market as buyers navigate the current landscape of elevated interest rates, currently around 5.88% for 30-year fixed mortgages.

The median days on market stands at 183 days, indicating a slower sales velocity, which may be attributed to the excess supply relative to sales activity. While the median listing price is $159,900, the significant gap between listing and sold prices could reflect seller expectations that are not fully aligned with current buyer sentiment. Overall, the market appears to be in a transitional phase, with strong rental demand and a hot market temperature, despite the pressure from interest rates.

---

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

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.

---

Rental Market

---

Property Taxes

---

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.

---

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% are lower than the 6.07% average seen in early 2026 when this loan likely originated.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The median sold price of $115,000 suggests a stable market environment with recent appreciation.

2. With a median listing price of $159,900, there is a notable gap indicating potential pricing friction between seller expectations and buyer willingness.

3. The median days on market of 183 days reflects a slower sales velocity, which may indicate weak liquidity in the current market.

4. Elevated inventory levels suggest moderate sales activity, pointing to a possible transition towards market balance.

5. Strong rental demand is evidenced by a median market rent of $1,789, which may attract more buyers to the market.

---

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.