Is 15216, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 15216 has remained a Seller's Market.
Key Takeaway
15216 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 15216, PA
How much do homes in 15216, PA cost?
Median Sold Price
$225,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 15216 have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in 15216 was $225,000 in March 2024, up 3.7% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100.6K | $110K | +9.3% |
| 2 Bedrooms | $155.2K | $157.5K | +1.5% |
| 3 Bedrooms | $217K | $222.7K | +2.6% |
| 4 Bedrooms | $312.5K | $320K | +2.4% |
| 5+ Bedrooms | $331K | $390K | +17.8% |
Summary: 15216 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 17.8%.
Housing Supply in 15216, PA
How many homes are available in 15216, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 62 | 75 | +21.0% |
Summary: The 15216 real estate market had 75 homes for sale in March 2024, a 21.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 34 | 48 | +41.2% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 15216 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 8.3%, 3 bedroom homes increased by 41.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 15216, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 15216 in March 2024, up by 21.4% month-over-month. Of the 17 sold homes, 59% were sold under asking, 6% were sold at asking, and 35% were sold over asking.
Days on Market for 15216, PA
How long does it take to sell a home in 15216, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 71 Days | 71 Days | -0.6% |
Summary: Homes in 15216 had an average of 71 days on market in Mar 2024, down by 0.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 15216 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in 15216; 41% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
