Market Intelligence · PA / Philadelphia

Philadelphia, PA 19116 Housing Market

The typical home in Philadelphia, PA 19116 is worth $394,363, up 0.9% over the past year as of 2026-08-01. Sellers are listing at a median of $427,450, and homes are going under contract in a median of 29 days.

Updated August 2026Median value$394K

The median home value in Philadelphia, PA 19116 is $394K as of August 2026, up 0.9% 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

$363K to $426K

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

+0.9% over 12 months

Typical home value in 19116 over the last 12 months: $391K in Aug 2025 to $394K in Aug 2026 (+0.9%).

Aug 2025$391K

Aug 2026$394K

The numbers

What is the 19116 housing market like?

Typical home value

$394K

Up0.9%YoY

Median list price

$427K

Up0.6%MoM

Days on market

29

Up3.6%MoM

Homes for sale

40

Up14.3%MoM

Price cuts

16.7%

Down32.1%MoM

New listings

32

Up14.3%MoM

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

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The comparison

How do 19116 home prices compare?

  • 19116$394,363
  • Philadelphia$249,095
  • Pennsylvania$239,873
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Philadelphia: 46 ZIPs; Pennsylvania: 1,362 ZIPs; United States: 26,265 ZIPs).

Context

Values in 19116 have been essentially flat, with the typical home at $394,363 and a gain of just 0.9% over the past year as of 2026-08-01. Even so, homes are moving quickly, spending a median of 29 days on the market. There are 40 homes for sale and 32 new listings, so buyers have a reasonable amount of choice. About 16.7% of listings have taken a price cut, which suggests some sellers are starting too high. For a seller, accurate pricing from day one matters more than optimism in this market.

Monthly payment

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20% · $78,873

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