Is 15220, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15220 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 15220 has remained a Seller's Market.

Key Takeaway

15220 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 15220, PA

How much do homes in 15220, PA cost?

Median Sold Price

$234,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$9,000(+4.0%)

Key Takeaway

Homes in 15220 have sold for 4% more than they did a year ago.

Summary: The median home sold price in 15220 was $234,000 in February 2024, up 4% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $114.9K$110K
-4.3%
2 $148.5K$164.5K
+10.8%
3 $240K$243.5K
+1.5%
4 $338.9K$325K
-4.1%
5+ $321K$370K
+15.3%

Summary: 15220 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 15.3%.

Median Sold Price Compared To Nearby Zip Codes

15204
+19.0%
15216
+6.1%
15205
+4.7%
15220
+4.0%
15211
+3.5%

Housing Supply in 15220, PA

How many homes are available in 15220, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4741-12.8%

Summary: The 15220 real estate market had 41 homes for sale in February 2024, a 12.8% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 31
-66.7%
2 912
+33.3%
3 2620
-23.1%
4 97
-22.2%
5+ 01
+100.0%

Summary: The 15220 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1813-27.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15220, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 15220 in February 2024, down by 27.8% month-over-month. Of the 13 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.

Days on Market for 15220, PA

How long does it take to sell a home in 15220, PA?

Average Sale Time

Feb 2023Feb 2024CHANGE
46 Days54 Days+16.2%

Summary: Homes in 15220 had an average of 54 days on market in Feb 2024, up by 16.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 15220 has remained consistent over time.

Summary: During February 2024, 13 homes were sold in 15220; 31% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 15220, PA

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