Is 15220, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 15220 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $114.9K | $110K | -4.3% |
2 Bedrooms | $148.5K | $164.5K | +10.8% |
3 Bedrooms | $240K | $243.5K | +1.5% |
4 Bedrooms | $338.9K | $325K | -4.1% |
5+ Bedrooms | $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%.
Housing Supply in 15220, PA
How many homes are available in 15220, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
47 | 41 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 9 | 12 | +33.3% |
3 Bedrooms | 26 | 20 | -23.1% |
4 Bedrooms | 9 | 7 | -22.2% |
5+ Bedrooms | 0 | 1 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
18 | 13 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
46 Days | 54 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
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.