Philadelphia, PA 19148 Real Estate Market Report

ZIP Code: 19148
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Philadelphia housing market is currently characterized by a median sold price of $289,250, reflecting a stable market despite a slight deceleration in price appreciation. The neighborhood has increased up since 2023, indicating a resilient demand for housing. However, the median days on market stands at 157, suggesting a slower sales velocity and potential pricing friction as buyers take more time to make decisions in a market with elevated inventory levels.

Inventory conditions are shifting, with elevated inventory levels pushing the market toward a more balanced state. The median listing price of $299,900 indicates seller expectations may be outpacing buyer willingness, contributing to the slower transaction volume. Strong rental demand, evidenced by a median market rent of $1,789, highlights the underlying economic resilience in the area, even as the market temperature remains neutral.

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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

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Philadelphia market around 5.88% are notably lower than the 6.80% average rate seen for 2026 originations.

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 $289,250 suggests stable market conditions despite a slower sales velocity.

2. With 157 days on market, properties are experiencing prolonged selling periods, indicating potential pricing friction.

3. The median listing price of $299,900 reflects seller expectations that may not align with current buyer demand.

4. Elevated inventory levels are pushing the market toward balance, contributing to a neutral market temperature.

5. Strong rental demand, with a median market rent of $1,789, underscores the area's economic resilience.

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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.