ZIP 19116 Housing Market Report
Philadelphia Metro
Report period: August 2026
19116 Monthly Market Update – August 2026
ZIP 19116 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$425,000
−2.3%
Median DOM (Sales)
19
−17.4%
New Listings (Sales)
10
−63.0%
Median Rent
$1,800
0.0%
Median DOM (Rental)
40
+29.0%
Total Rental Listings
44
−8.3%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (15 DOM)
- Fastest renting: Single Family (24 DOM)
- Strongest bedroom: 7 Beds ($620,000 median)
Sales Market Overview
Median Price
$425,000
−2.3%
Median DOM
19
−17.4%
New Listings
10
−63.0%
Inventory
84
+9.1%
- Average Price: $434,411
- Median Price: $425,000
- Price Range: $165,000 – $779,900
- Price per Sq Ft (Avg/Median): $256 / $257
- Square Footage (Avg/Median): 1,747 / 1,680
- Square Footage Range: 642 – 3,992
- Days on Market (Avg/Median): 38 / 19
- Days on Market Range: 2 – 220
- New Listings: 10
- Total Listings: 84
Sales by Property Type
Condo
Avg/Median Price$269,173 / $269,500Range$165,000 – $368,900Price per Sq Ft$233 / $225Sq Ft1,181 / 1,074DOM39 / 15New1Total11
Land
Avg/Median Price$499,900 / $499,900Range$499,900 – $499,900Price per Sq Ft—Sq Ft—DOM—New0Total1
Multi-Family
Avg/Median Price$483,100 / $449,900Range$409,500 – $548,000Price per Sq Ft$267 / $284Sq Ft1,863 / 1,584DOM93 / 67New0Total4
Single Family
Avg/Median Price$531,711 / $519,900Range$360,000 – $779,900Price per Sq Ft$254 / $254Sq Ft2,183 / 2,070DOM35 / 16New5Total31
Townhouse
Avg/Median Price$394,980 / $399,000Range$266,900 – $519,900Price per Sq Ft$264 / $265Sq Ft1,537 / 1,474DOM35 / 19New4Total37
Sales by Bedroom Count
Studio
Avg:$548,000Median:$548,000Range:$548,000 – $548,000PSF:$297 / $297Sq Ft:1,844 / 1,844DOM:105 / 105New:0Total:1
1 Beds
Avg:$165,000Median:$165,000Range:$165,000 – $165,000PSF:$257 / $257Sq Ft:642 / 642DOM:41 / 41New:0Total:1
2 Beds
Avg:$286,046Median:$279,900Range:$200,000 – $379,900PSF:$254 / $251Sq Ft:1,160 / 1,040DOM:27 / 11New:3Total:13
3 Beds
Avg:$411,907Median:$409,500Range:$279,000 – $629,999PSF:$262 / $264Sq Ft:1,607 / 1,516DOM:37 / 16New:3Total:40
4 Beds
Avg:$538,950Median:$519,900Range:$344,995 – $779,900PSF:$246 / $243Sq Ft:2,259 / 2,133DOM:36 / 27New:4Total:26
6 Beds
Avg:$450,000Median:$450,000Range:$450,000 – $450,000PSF:$310 / $310Sq Ft:1,452 / 1,452DOM:220 / 220New:0Total:1
7 Beds
Avg:$620,000Median:$620,000Range:$620,000 – $620,000PSF:$210 / $210Sq Ft:2,954 / 2,954DOM:50 / 50New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $548,000 | $548,000 | $548,000 – $548,000 | $297 / $297 | 1,844 / 1,844 | 105 / 105 | 0 | 1 |
| 1 Beds | $165,000 | $165,000 | $165,000 – $165,000 | $257 / $257 | 642 / 642 | 41 / 41 | 0 | 1 |
| 2 Beds | $286,046 | $279,900 | $200,000 – $379,900 | $254 / $251 | 1,160 / 1,040 | 27 / 11 | 3 | 13 |
| 3 Beds | $411,907 | $409,500 | $279,000 – $629,999 | $262 / $264 | 1,607 / 1,516 | 37 / 16 | 3 | 40 |
| 4 Beds | $538,950 | $519,900 | $344,995 – $779,900 | $246 / $243 | 2,259 / 2,133 | 36 / 27 | 4 | 26 |
| 6 Beds | $450,000 | $450,000 | $450,000 – $450,000 | $310 / $310 | 1,452 / 1,452 | 220 / 220 | 0 | 1 |
| 7 Beds | $620,000 | $620,000 | $620,000 – $620,000 | $210 / $210 | 2,954 / 2,954 | 50 / 50 | 0 | 1 |
Rental Market Overview
Median Rent
$1,800
0.0%
Median DOM
40
+29.0%
New Listings
3
Inventory
44
−8.3%
- Average Rent: $2,005
- Median Rent: $1,800
- Rent Range: $1,150 – $3,800
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,363 / 1,288
- Square Footage Range: 400 – 2,920
- Days on Market (Avg/Median): 65 / 40
- Days on Market Range: 1 – 279
- New Listings: 3
- Total Listings: 44
Rentals by Property Type
Apartment
$1,495
Median DOM: 62
Inventory: 14
MoM: 0.0%
Condo
$2,000
Median DOM: 26
Inventory: 3
MoM: 0.0%
Single Family
$2,525
Median DOM: 24
Inventory: 14
MoM: 0.0%
Townhouse
$1,800
Median DOM: 45
Inventory: 13
MoM: 0.0%
Apartment
Avg/Median Rent$1,521 / $1,495Range$1,150 – $2,600Rent per Sq Ft$2 / $2Sq Ft937 / 800DOM107 / 62New1Total14
Condo
Avg/Median Rent$1,917 / $2,000Range$1,750 – $2,000Rent per Sq Ft$2 / $2Sq Ft1,170 / 1,170DOM26 / 26New0Total3
Single Family
Avg/Median Rent$2,435 / $2,525Range$1,200 – $3,800Rent per Sq Ft$2 / $2Sq Ft1,550 / 1,452DOM53 / 24New2Total14
Townhouse
Avg/Median Rent$2,084 / $1,800Range$1,400 – $3,200Rent per Sq Ft$1 / $1Sq Ft1,649 / 1,640DOM48 / 45New0Total13
Rentals by Bedroom Count
Studio
Avg:$1,226Median:$1,175Range:$1,175 – $1,278PSF:$3 / $3Sq Ft:464 / 459DOM:279 / 279New:0Total:2
1 Beds
Avg:$1,268Median:$1,225Range:$1,150 – $1,495PSF:$2 / $2Sq Ft:600 / 631DOM:118 / 26New:1Total:5
2 Beds
Avg:$1,744Median:$1,700Range:$1,350 – $2,600PSF:$1 / $1Sq Ft:1,380 / 1,366DOM:63 / 46New:2Total:20
3 Beds
Avg:$2,273Median:$2,200Range:$1,560 – $2,800PSF:$2 / $2Sq Ft:1,458 / 1,450DOM:57 / 30New:0Total:9
4 Beds
Avg:$3,014Median:$3,000Range:$2,000 – $3,800PSF:$2 / $1Sq Ft:1,981 / 2,048DOM:23 / 19New:0Total:7
6 Beds
Avg:$3,000Median:$3,000Range:$3,000 – $3,000PSF:$2 / $2Sq Ft:1,452 / 1,452DOM:39 / 39New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,226 | $1,175 | $1,175 – $1,278 | $3 / $3 | 464 / 459 | 279 / 279 | 0 | 2 |
| 1 Beds | $1,268 | $1,225 | $1,150 – $1,495 | $2 / $2 | 600 / 631 | 118 / 26 | 1 | 5 |
| 2 Beds | $1,744 | $1,700 | $1,350 – $2,600 | $1 / $1 | 1,380 / 1,366 | 63 / 46 | 2 | 20 |
| 3 Beds | $2,273 | $2,200 | $1,560 – $2,800 | $2 / $2 | 1,458 / 1,450 | 57 / 30 | 0 | 9 |
| 4 Beds | $3,014 | $3,000 | $2,000 – $3,800 | $2 / $1 | 1,981 / 2,048 | 23 / 19 | 0 | 7 |
| 6 Beds | $3,000 | $3,000 | $3,000 – $3,000 | $2 / $2 | 1,452 / 1,452 | 39 / 39 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$425,000Median DOM:20New:33Total:75
Apr 2026
Median Price:$425,000Median DOM:17New:34Total:95
May 2026
Median Price:$435,000Median DOM:18New:27Total:93
Jun 2026
Median Price:$439,000Median DOM:24New:20Total:73
Jul 2026
Median Price:$435,000Median DOM:23New:27Total:77
Aug 2026
Median Price:$425,000Median DOM:19New:10Total:84
6-Month Rental Trend
Mar 2026
Median Rent:$1,675Median DOM:44New:6Total:42
Apr 2026
Median Rent:$1,795Median DOM:55New:8Total:43
May 2026
Median Rent:$1,800Median DOM:50New:13Total:44
Jun 2026
Median Rent:$1,825Median DOM:28New:16Total:46
Jul 2026
Median Rent:$1,800Median DOM:31New:11Total:48
Aug 2026
Median Rent:$1,800Median DOM:40New:3Total:44
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, while total rental inventory tightened.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
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