Philadelphia, PA 19144 Real Estate Market Report

ZIP Code: 19144
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Philadelphia, PA (ZIP: 19144) stands at $209,949.50, reflecting the actual transaction values in the market. This area has shown an upward trend in prices, contributing to a competitive environment for sellers despite the elevated mortgage rates that continue to impact overall inventory levels. The market appears to be experiencing a hot temperature, indicating strong buyer interest and activity, although the median days on market is notably high at 184 days, suggesting slower sales velocity and potential pricing friction for sellers.

With a median listing price of $245,000, there is a significant gap between listing and sold prices, which may indicate seller expectations that are not fully aligned with current market realities. The elevated inventory levels, characterized by excess supply relative to sales activity, further complicate the landscape, as buyers may have more options to choose from, potentially leading to longer selling times and price adjustments in the future.

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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.

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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.

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Rental Market

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Property Taxes

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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.

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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 Pennsylvania around 5.72% APR are 0.77% lower than the average rate one year ago, indicating a cost opportunity for refinancing in the Philadelphia 19144 market.

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

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Key Findings

1. $209,949.50 is the median sold price, indicating a competitive market despite elevated inventory levels.

2. 184 days on the market suggests slower sales velocity, which may lead to pricing adjustments for sellers.

3. The median listing price of $245,000 shows a notable gap compared to the median sold price, indicating potential pricing friction.

4. Market temperature is classified as hot, reflecting strong buyer interest and activity in the area.

5. Elevated mortgage rates are contributing to elevated inventory levels, impacting overall market dynamics.

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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.