Philadelphia, PA 19140 Real Estate Market Report

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

---

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 Philadelphia, PA 19140 are averaging 6.38% as of March 26, 2026, which is 0.7% higher than the 2026 average rate of 5.68%.

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 $113,500 indicates strong market activity, with a notable appreciation of 15% since 2023.

2. Current median days on market of 209 suggests slower sales velocity, indicating potential pricing friction for sellers.

3. The median listing price of $144,900 reflects a significant gap compared to sold prices, which may create challenges for sellers in achieving their asking prices.

4. Elevated inventory levels suggest excess supply relative to sales activity, which may lead to a more balanced market in the near future.

5. The median market rent of $1,789 shows stability, although the down trend year-over-year may impact overall market dynamics.

---

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.