ZIP 19116 Housing Market Report
Philadelphia Metro
Report period: May 2026
19116 Monthly Market Update – May 2026
ZIP 19116 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$429,900
+1.2%
Median DOM (Sales)
18
+5.9%
New Listings (Sales)
4
−88.2%
Median Rent
$1,795
0.0%
Median DOM (Rental)
51
−7.3%
Total Rental Listings
44
+2.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (16 DOM)
- Fastest renting: Single Family (38 DOM)
- Strongest bedroom: 7 Beds ($630,000 median)
Sales Market Overview
Median Price
$429,900
+1.2%
Median DOM
18
+5.9%
New Listings
4
−88.2%
Inventory
95
0.0%
- Average Price: $427,039
- Median Price: $429,900
- Price Range: $144,900 – $649,900
- Price per Sq Ft (Avg/Median): $260 / $260
- Square Footage (Avg/Median): 1,709 / 1,683
- Square Footage Range: 712 – 2,954
- Days on Market (Avg/Median): 42 / 18
- Days on Market Range: 2 – 365
- New Listings: 4
- Total Listings: 95
Sales by Property Type
Condo
Avg/Median Price$284,267 / $274,900Range$144,900 – $384,900Price per Sq Ft$220 / $211Sq Ft1,314 / 1,170DOM30 / 23New0Total9
Land
Avg/Median Price$499,900 / $499,900Range$499,900 – $499,900Price per Sq Ft—Sq Ft—DOM—New0Total1
Multi-Family
Avg/Median Price$507,967 / $525,000Range$449,900 – $549,000Price per Sq Ft$262 / $284Sq Ft2,004 / 1,844DOM28 / 25New0Total3
Single Family
Avg/Median Price$490,469 / $479,900Range$355,000 – $649,900Price per Sq Ft$274 / $275Sq Ft1,887 / 1,925DOM40 / 16New2Total35
Townhouse
Avg/Median Price$400,427 / $399,999Range$274,900 – $479,900Price per Sq Ft$257 / $260Sq Ft1,634 / 1,501DOM46 / 22New2Total47
Sales by Bedroom Count
Studio
Avg:$549,450Median:$549,000Range:$549,000 – $549,900PSF:$308 / $298Sq Ft:1,786 / 1,728DOM:55 / 25New:0Total:2
1 Beds
Avg:$147,400Median:$144,900Range:$144,900 – $149,900PSF:$207 / $204Sq Ft:712 / 712DOM:53 / 30New:0Total:2
2 Beds
Avg:$363,773Median:$378,900Range:$264,000 – $475,000PSF:$271 / $266Sq Ft:1,391 / 1,347DOM:32 / 19New:0Total:11
3 Beds
Avg:$417,571Median:$399,999Range:$274,900 – $595,000PSF:$268 / $267Sq Ft:1,613 / 1,440DOM:31 / 18New:2Total:46
4 Beds
Avg:$462,936Median:$449,900Range:$325,000 – $649,900PSF:$249 / $232Sq Ft:1,953 / 2,070DOM:44 / 16New:2Total:26
5 Beds
Avg:$469,800Median:$450,000Range:$430,000 – $559,000PSF:$220 / $212Sq Ft:2,200 / 2,120DOM:113 / 9New:0Total:5
6 Beds
Avg:$450,000Median:$450,000Range:$450,000 – $450,000PSF:$310 / $310Sq Ft:1,452 / 1,452DOM:174 / 174New:0Total:1
7 Beds
Avg:$630,000Median:$630,000Range:$630,000 – $630,000PSF:$213 / $213Sq Ft:2,954 / 2,954DOM:15 / 15New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $549,450 | $549,000 | $549,000 – $549,900 | $308 / $298 | 1,786 / 1,728 | 55 / 25 | 0 | 2 |
| 1 Beds | $147,400 | $144,900 | $144,900 – $149,900 | $207 / $204 | 712 / 712 | 53 / 30 | 0 | 2 |
| 2 Beds | $363,773 | $378,900 | $264,000 – $475,000 | $271 / $266 | 1,391 / 1,347 | 32 / 19 | 0 | 11 |
| 3 Beds | $417,571 | $399,999 | $274,900 – $595,000 | $268 / $267 | 1,613 / 1,440 | 31 / 18 | 2 | 46 |
| 4 Beds | $462,936 | $449,900 | $325,000 – $649,900 | $249 / $232 | 1,953 / 2,070 | 44 / 16 | 2 | 26 |
| 5 Beds | $469,800 | $450,000 | $430,000 – $559,000 | $220 / $212 | 2,200 / 2,120 | 113 / 9 | 0 | 5 |
| 6 Beds | $450,000 | $450,000 | $450,000 – $450,000 | $310 / $310 | 1,452 / 1,452 | 174 / 174 | 0 | 1 |
| 7 Beds | $630,000 | $630,000 | $630,000 – $630,000 | $213 / $213 | 2,954 / 2,954 | 15 / 15 | 0 | 1 |
Rental Market Overview
Median Rent
$1,795
0.0%
Median DOM
51
−7.3%
New Listings
5
Inventory
44
+2.3%
- Average Rent: $1,925
- Median Rent: $1,795
- Rent Range: $1,095 – $3,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,341 / 1,200
- Square Footage Range: 470 – 2,290
- Days on Market (Avg/Median): 87 / 51
- Days on Market Range: 1 – 362
- New Listings: 5
- Total Listings: 44
Rentals by Property Type
Apartment
$1,449
Median DOM: 128
Inventory: 14
MoM: 0.0%
Condo
$1,750
Median DOM: 216
Inventory: 5
MoM: 0.0%
Single Family
$2,000
Median DOM: 38
Inventory: 12
MoM: 0.0%
Townhouse
$1,800
Median DOM: 41
Inventory: 13
MoM: 0.0%
Apartment
Avg/Median Rent$1,518 / $1,449Range$1,095 – $2,600Rent per Sq Ft$2 / $2Sq Ft998 / 775DOM139 / 128New1Total14
Condo
Avg/Median Rent$1,830 / $1,750Range$1,600 – $2,250Rent per Sq Ft$2 / $2Sq Ft981 / 925DOM188 / 216New0Total5
Single Family
Avg/Median Rent$2,270 / $2,000Range$1,750 – $3,000Rent per Sq Ft$2 / $2Sq Ft1,518 / 1,600DOM43 / 38New3Total12
Townhouse
Avg/Median Rent$2,083 / $1,800Range$1,350 – $3,500Rent per Sq Ft$1 / $1Sq Ft1,670 / 1,838DOM42 / 41New1Total13
Rentals by Bedroom Count
Studio
Avg:$1,198Median:$1,150Range:$1,095 – $1,350PSF:$2 / $2Sq Ft:663 / 728DOM:203 / 188New:0Total:3
1 Beds
Avg:$1,396Median:$1,305Range:$1,150 – $1,795PSF:$2 / $2Sq Ft:802 / 700DOM:100 / 124New:0Total:6
2 Beds
Avg:$1,793Median:$1,750Range:$1,400 – $2,600PSF:$1 / $1Sq Ft:1,429 / 1,584DOM:96 / 67New:2Total:23
3 Beds
Avg:$2,488Median:$2,550Range:$2,000 – $2,800PSF:$2 / $1Sq Ft:1,670 / 1,600DOM:39 / 31New:1Total:8
4 Beds
Avg:$2,900Median:$2,900Range:$2,200 – $3,500PSF:$2 / $2Sq Ft:1,534 / 1,200DOM:26 / 3New:2Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,198 | $1,150 | $1,095 – $1,350 | $2 / $2 | 663 / 728 | 203 / 188 | 0 | 3 |
| 1 Beds | $1,396 | $1,305 | $1,150 – $1,795 | $2 / $2 | 802 / 700 | 100 / 124 | 0 | 6 |
| 2 Beds | $1,793 | $1,750 | $1,400 – $2,600 | $1 / $1 | 1,429 / 1,584 | 96 / 67 | 2 | 23 |
| 3 Beds | $2,488 | $2,550 | $2,000 – $2,800 | $2 / $1 | 1,670 / 1,600 | 39 / 31 | 1 | 8 |
| 4 Beds | $2,900 | $2,900 | $2,200 – $3,500 | $2 / $2 | 1,534 / 1,200 | 26 / 3 | 2 | 4 |
6-Month Sales Trend
Dec 2025
Median Price:$424,900Median DOM:43New:17Total:82
Jan 2026
Median Price:$420,000Median DOM:41New:17Total:75
Feb 2026
Median Price:$415,000Median DOM:52New:9Total:57
Mar 2026
Median Price:$425,000Median DOM:20New:33Total:75
Apr 2026
Median Price:$425,000Median DOM:17New:34Total:95
May 2026
Median Price:$429,900Median DOM:18New:4Total:95
6-Month Rental Trend
Dec 2025
Median Rent:$1,800Median DOM:48New:13Total:45
Jan 2026
Median Rent:$1,700Median DOM:36New:14Total:53
Feb 2026
Median Rent:$1,700Median DOM:34New:9Total:51
Mar 2026
Median Rent:$1,675Median DOM:44New:6Total:42
Apr 2026
Median Rent:$1,795Median DOM:55New:8Total:43
May 2026
Median Rent:$1,795Median DOM:51New:5Total:44
Key Market Takeaways
Median sale prices moved higher this month while inventory remained stable. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, while total rental inventory increased.
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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