Philadelphia, PA 19147 Real Estate Market Report

ZIP Code: 19147
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: 19147) is currently $539,000, reflecting a robust market despite a slowing pace of appreciation. This price indicates a strong demand for homes, although the market has seen a shift towards greater balance. The neighborhood has increased 8% since 2023, showcasing a continued upward trend in property values.

Transaction activity is characterized by elevated inventory levels, with homes taking a median of 183 days to sell, suggesting a slower sales velocity compared to previous periods. While the market temperature remains hot, the relationship between active listings and sold properties indicates excess supply relative to sales activity, which may create pricing friction for sellers as buyers have more options available.

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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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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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 the Philadelphia 19147 area are around 6.00% to 6.17%, which is comparable to the forecasted 2026 average of 6.00% to 6.5% for property owners in this 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. The median sold price of $539,000 indicates a strong market demand despite a slowing pace of appreciation.

2. Homes are taking a median of 183 days on market, suggesting a moderate sales velocity.

3. The median market rent is $2,390, reflecting a down trend in rental prices in the South Philadelphia area.

4. Current mortgage rates are around 6.00% to 6.17%, which is comparable to the forecasted 2026 average, indicating moderate interest rate pressure on buyers.

5. The market is experiencing elevated inventory levels, which may indicate pricing friction as buyers have more options.

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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.