Philadelphia, PA 19140 Real Estate Market Report

ZIP Code: 19140
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

---

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 19140 area are averaging 6.34%, reflecting a market environment where rates have fluctuated significantly throughout early 2026.

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

---

Key Findings

1. median sold price: 120,000 is the primary indicator of realized market value and suggests recent transactions are clustering well below asking expectations, supporting a view that sellers are pricing above what buyers are completing at; pricing friction between asks and closed sales may be present.

2. median listing price: 150,000 remains notably higher than the median sold price, which appears to reflect elevated seller expectations versus transaction reality and may indicate continued negotiation pressure on closing prices.

3. median days on market: 208 points to slower sales velocity and extended time-to-contract for typical SFR and condominium listings in the area, which may temper rapid price escalation despite the market temperature being reported as hot. slower liquidity should be factored into offer timing and contingency planning.

4. median price per square foot: 103 combined with a reported market temperature of hot and a price year-over-year trend of up suggests pricing strength on a per-unit-area basis, even as transaction pacing is elongated; agents and investors should prioritize comparable closed sales when underwriting.

---

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.