Philadelphia, PA 19147 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

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.

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

Key Findings

1. The primary indicator of local market value is the median sold price, $553,000, which establishes recent transaction levels and—when compared to the median listing price of $469,500—may indicate pricing friction between asking and achieved prices in this ZIP code; the market is currently hot and price momentum is up so this gap appears to reflect strong realized sale prices rather than weak demand.
2. Liquidity appears muted on a time-to-contract basis: the median days on market is 249, which suggests slower sales velocity despite a hot market temperature and year-over-year price gains; this may indicate extended negotiation timelines or a higher share of conditional/complex transactions.
3. Supply conditions in the analyzed sample point to relatively constrained active supply versus recent sales, supporting realized price strength; the median price per square foot is $364, which reinforces elevated per-unit valuation and suggests continued pricing pressure for SFR and condo stock in the submarket.
4. Rental dynamics and financing headwinds are a mixed signal: the median market rent is $1,993 with rent trends up, but interest rate pressure is elevated, which may temper buyer affordability and can lengthen time-to-sale even as rents and sale prices trend higher.

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.