Market Intelligence · PA / Philadelphia

Philadelphia, PA 19116 Housing Market

Homes in Philadelphia 19116 have a typical value of $389,724, up 0.6% over the past year. The median list price sits at $416,325, with homes taking a median of 36 days to sell as of September 2026.

Updated September 2026Median value$390K

The median home value in Philadelphia, PA 19116 is $390K as of September 2026, up 0.6% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 19116 range

$359K to $421K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.6% over 12 months

Sep 2025$387K

Low $387KHigh $391K

Sep 2026$390K

The numbers

What is the 19116 housing market like?

As of September 2026

Typical home value

$390K

0.6%YoY

Median list price

$416K

2.6%MoM

Days on market

24.1%MoM

Homes for sale

0.0%MoM

Price cuts

27.6%

65.5%MoM

New listings

37.5%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

19116 housing market forecast 2027

+1.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 19116 to rise 1.4% by September 2027.

Over the 12 months through September 2026, typical home values in 19116 rose 0.6%, per the Zillow Home Value Index.

Will home prices drop in 19116?

Zillow's forecast does not call for a drop: it expects typical home values in 19116 to rise 1.4% by September 2027, after a 0.6% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 19116 home prices compare?

19116$389,724
Philadelphia$246,814
Pennsylvania$236,800
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Philadelphia: 46 ZIPs; Pennsylvania: 1,362 ZIPs; United States: 26,262 ZIPs).

Context

The neighborhood had 40 homes for sale and 20 new listings in September 2026. Buyers are taking more than five weeks to close on homes here, which is not exceptionally slow. A notable sign of softer demand is the 27.6% of listings that have seen price reductions. Modest appreciation over the past year suggests the market is cooling rather than heating up. If you're considering selling, expect to price competitively and be prepared for a longer holding period.

Monthly payment

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Home price

Down payment20% · $77,945

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Common questions

What people ask us.

What is the typical home value in 19116?

The typical home value in 19116 is $389,724, having increased 0.6% over the past year.

How long do homes stay on the market here?

Homes in 19116 take a median of 36 days to sell as of September 2026.

What percentage of homes have had price cuts?

As of September 2026, 27.6% of listings in 19116 have had a price reduction.

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Nearby ZIP markets.

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