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 primary market value indicator, the median sold price, is $118,000, which establishes recent transaction-level pricing for SFR and condo properties and suggests realized buyer valuations are below asking expectations. contextual
2. There is a meaningful gap between the median listing price of $149,900 and the median sold price of $118,000, which may indicate pricing friction as sellers’ expectations outpace recent transaction prices; sellers should consider pricing to reflect the realized median sold price to improve sale probability. moderate
3. Market liquidity appears slower based on the median days on market of 176 days, which suggests longer time-to-contract and a cooling of campaign velocity even as the broader market temperature is reported as neutral.
4. Value and income context: the median price per square foot of 99.99 together with a median market rent of $1,300 show rental demand remains supportive while interest rate dynamics are a headwind—interest rate pressure is reported as elevated—so owners and investors should stress-test financing assumptions and consider longer listing horizons. elevated

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.