Philadelphia, PA 19147 Real Estate Market Report

ZIP Code: 19147
Report Date: March 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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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 average 30-year fixed mortgage rates in the Philadelphia market around 6.38% are notably higher than the 5.50% lows seen earlier in 2026, indicating property owners missed a more favorable borrowing window.

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 $519,900 indicates strong market performance despite a cooling pace.

2. Properties are spending a median of 231 days on market, reflecting slower sales velocity and potential pricing friction.

3. Elevated inventory levels suggest excess supply relative to sales activity, which may lead to a more balanced market.

4. The median market rent stands at $2,390, indicating a strong rental demand that supports overall market stability.

5. Current average 30-year fixed mortgage rates around 6.38% are notably higher than earlier in 2026, contributing to elevated interest rate pressure on buyers.

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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.