Is 15116, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 15116 was a Seller's Market.
Key Takeaway
15116 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 15116, PA
How much do homes in 15116, PA cost?
Median Sold Price
$276,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 15116 have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in 15116 was $276,000 in March 2024, up 2.2% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $73.5K | -54.1% |
| 2 Bedrooms | $207.4K | $185.7K | -10.5% |
| 3 Bedrooms | $265K | $265.5K | 0.2% |
| 4 Bedrooms | $335K | $360K | +7.5% |
| 5+ Bedrooms | $457.5K | $404.5K | -11.6% |
Summary: 15116 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.1%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 11.6%.
Housing Supply in 15116, PA
How many homes are available in 15116, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 43 | +16.2% |
Summary: The 15116 real estate market had 43 homes for sale in March 2024, a 16.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 22 | 26 | +18.2% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 15116 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 15116, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 15116 in March 2024, down by 25.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for 15116, PA
How long does it take to sell a home in 15116, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 10 Days | -74.9% |
Summary: Homes in 15116 had an average of 10 days on market in Mar 2024, down by 74.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 15116 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in 15116; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
