Market Intelligence · PA / Philadelphia

Philadelphia, PA 19124 Housing Market

The typical home value in Philadelphia's 19124 ZIP is $175,793, up 1.3% over the past year. The median list price sits at $199,675, with homes spending 64 days on market as of September 2026.

Updated September 2026Median value$176K

The median home value in Philadelphia, PA 19124 is $176K as of September 2026, up 1.3% 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 19124 range

$162K to $190K

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

+1.3% over 12 months

Sep 2025$174K

Low $174KHigh $176K

Sep 2026$176K

The numbers

What is the 19124 housing market like?

As of September 2026

Typical home value

$176K

1.3%YoY

Median list price

$200K

0.1%MoM

Days on market

0.0%MoM

Homes for sale

160

3.9%MoM

Price cuts

17.5%

7.7%MoM

New listings

25.0%MoM

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

The outlook

19124 housing market forecast 2027

+2.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 19124 to rise 2.6% by September 2027.

Over the 12 months through September 2026, typical home values in 19124 rose 1.3%, per the Zillow Home Value Index.

Will home prices drop in 19124?

Zillow's forecast does not call for a drop: it expects typical home values in 19124 to rise 2.6% by September 2027, after a 1.3% 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 19124 home prices compare?

19124$175,793
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

There are 160 homes for sale in 19124, with 70 new listings having come to market in September 2026. The median time on market of 64 days suggests steady interest, though price adjustments are occurring. About 17.5% of listings have received a price cut, indicating some sellers are responding to the market. Despite the modest value growth of 1.3%, the gap between typical value and median list price warrants careful consideration before putting your home up for sale.

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Down payment20% · $35,159

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Common questions

What people ask us.

What is the typical home value in Philadelphia 19124?

The typical home value in this ZIP is $175,793, which has increased 1.3% over the past year.

How long do homes stay on the market in 19124?

The median days on market is 64 as of September 2026.

What percentage of homes have price cuts in 19124?

About 17.5% of listings have received a price cut in the current market.

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