Market Intelligence · PA / Philadelphia

Philadelphia, PA 19116 Housing Market

The typical home in Philadelphia's 19116 ZIP code is worth $398,842, up 1.6% over the past year. The median list price is $449,500, and homes are taking a median of 22 days on market as of June 1, 2026.

Updated June 2026Median value$399K

The median home value in Philadelphia, PA 19116 is $399K as of June 2026, up 1.6% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 19116 range

$367K to $431K

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

+1.6% over 12 months

Typical home value in 19116 over the last 12 months: $392K in Jun 2025 to $399K in Jun 2026 (+1.6%).

Jun 2025$392K

Jun 2026$399K

The numbers

What is the 19116 housing market like?

Typical home value

$399K

Up1.6%YoY

Median list price

$450K

Days on market

22

Down26.7%MoM

Homes for sale

27

Price cuts

18.1%

New listings

20

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 19116 home prices compare?

  • 19116$398,842
  • Philadelphia$253,986
  • Pennsylvania$242,059
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Philadelphia: 46 ZIPs; Pennsylvania: 1,362 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 27 homes for sale in 19116, with 20 of those being new listings. The median list price sits at $449,500, while the typical home value is $398,842. Homes are moving at a median of 22 days on market, and 18.1% of listings have had a price cut. If you are thinking about selling, the figures point to a steady but not overheated market, so pricing carefully matters.

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