Philadelphia, PA 19147 Real Estate Market Report

ZIP Code: 19147
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.

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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

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 Philadelphia, PA are 6.3% compared to 5.7% for typical loans originated earlier in 2026.

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. $553,000 median sold price remains the primary signal of market value and recent transaction activity, indicating a strong realized price level for SFR and condo transactions in 19147; hot market temperature supports continued seller pricing power.

2. There is a notable spread between the median listing price of $492,450 and the median sold price of $553,000, which may indicate pricing friction where sellers' asking strategies differ from completed transaction levels and suggests sellers are often achieving prices above common asking levels.

3. The median days on market of 225 points to slower sales velocity than typical for a hot market, which may reflect a mismatch of price or condition expectations and suggests buyers are deliberate; elevated interest rate pressure at 6.3% versus 5.7% earlier in 2026 could be contributing to lengthened marketing times.

4. With a median price per square foot of $356 and median market rent of $1,950, the area shows sustained price and rent growth (rent year-over-year trend: up), supporting continued investor and owner demand fundamentals despite interest rate headwinds; overall, the sample indicates relatively constrained active supply, which, combined with a hot market temperature, suggests pricing resilience in the near term.

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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.

Philadelphia, PA 19147 Real Estate Market Report

ZIP Code: 19147
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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 Philadelphia, PA are 6.3% compared to 5.7% for typical loans originated earlier in 2026.

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 neighborhood's primary market indicator, median sold price, is $435,000, which reflects recent transaction levels and anchors current valuation expectations in ZIP 19147; hot market dynamics reported in trend indexes support continued seller-side momentum.

2. The median listing price is $459,250, higher than the median sold price, which suggests pricing friction between seller expectations and completed transactions and may indicate some upward asking-price pressure relative to realized sale values.

3. The observed median days on market is 333, indicating slower sales velocity that may reflect longer decision timelines or selective buyer behavior despite the hotter market temperature.

4. Market indicators show prices are up year-over-year and the market temperature is described as hot, while interest rate pressure is elevated; local income/rental context includes a median price per square foot of $370 and a median market rent of $2,050, which together suggest continued investor and owner-occupier interest but with caution from higher financing costs.

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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.