Philadelphia, PA 19148 Real Estate Market Report

ZIP Code: 19148
Report Date: March 2026
Market Temperature: NEUTRAL
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

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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 purchase rates around 5.500% in the Philadelphia market are significantly lower than the 6.625% rate seen as recently as March 2026, indicating a potential cost advantage for recent refinancers.

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 $284,950 indicates a stable market with modest appreciation.

2. With a median days on market of 193, the market is experiencing slower sales velocity, suggesting potential pricing friction.

3. The median listing price of $268,999.50 reflects seller expectations that may not fully align with current buyer demand.

4. Rental demand remains strong, evidenced by a median market rent of $1,789, supporting the local economy.

5. The market temperature is currently neutral, indicating a balanced environment for transactions.

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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.