Philadelphia, PA 19140 Real Estate Market Report

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

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

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

Key Findings

1. The neighborhood's median sold price is 112,500, which should be treated as the primary indicator of recent market value and transaction activity; with the price year-over-year trend down and the market temperature cold, recent sales point toward softening valuations.
2. The median listing price is 149,500 compared with the median sold price 112,500, which may indicate pricing friction where seller expectations exceed realized sale prices and could necessitate list-price adjustments to achieve quicker transactions.
3. The median days on market is 249, signaling slower sales velocity; paired with elevated inventory relative to sales activity, this suggests reduced liquidity and that sellers may face longer marketing periods.
4. The median market rent is 1,250, and the rent year-over-year trend is down; combined with elevated interest rate pressure (Current 30-year fixed mortgage rates in Philadelphia, PA, are averaging approximately 6.53%), this environment may limit near-term rent growth and place additional pressure on price appreciation.

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.