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Market Intelligence · PA / Philadelphia

Philadelphia, PA 19123 Housing Market

Homes in Philadelphia's 19123 ZIP code have a typical value of $464,318, up 2.3% over the past year. The median list price stands at $581,225, with homes spending a median of 65 days on market as of September 2026.

Updated September 2026Median value$464K

The median home value in Philadelphia, PA 19123 is $464K as of September 2026, up 2.3% 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 19123 range

$427K to $501K

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

+2.3% over 12 months

Typical home value in 19123 over the last 12 months: $454K in Sep 2025 to $464K in Sep 2026 (+2.3%).

Sep 2025$454K

Sep 2026$464K

The numbers

What is the 19123 housing market like?

Typical home value

$464K

Up2.3%YoY

Median list price

$581K

Down4.5%MoM

Days on market

65

Up6.6%MoM

Homes for sale

139

Up16.8%MoM

Price cuts

23.1%

Up8.4%MoM

New listings

50

Up25.0%MoM

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

The outlook

19123 housing market forecast 2027

+1.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 19123 to rise 1.1% by September 2027.

Over the 12 months through September 2026, typical home values in 19123 rose 2.3%, per the Zillow Home Value Index.

Will home prices drop in 19123?

Zillow's forecast does not call for a drop: it expects typical home values in 19123 to rise 1.1% by September 2027, after a 2.3% 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 19123 home prices compare?

  • 19123$464,318
  • 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 19123 market shows modest activity, with 139 homes for sale and 50 new listings as of September 2026. Nearly a quarter of listings, specifically 23.1%, have seen price reductions. The gap between typical home value and median list price suggests some homes are priced above recent comparable sales. With 65 days median time on market, homes are taking longer to move than in faster markets. If you're considering selling, the slower pace and prevalence of price cuts indicate a buyer-favorable environment where competitive pricing matters.

Monthly payment

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20% · $92,864

Common questions

What people ask us.

What is the typical home value in 19123?

The typical home value is $464,318 as of September 2026, reflecting a 2.3% increase over the past year.

How many homes are currently listed in 19123?

There are 139 homes for sale as of September 2026, with 50 new listings added in that same period.

How long do homes typically stay on the market in 19123?

The median days on market is 65 as of September 2026.

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