Is 15221, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15221 is a neutral's market

Buyer's
Market

Difference Since August 2023

At the same time last year, 15221 was a Seller's Market.

Key Takeaway

15221 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 15221, PA

How much do homes in 15221, PA cost?

Median Sold Price

$169,500

$123/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$300(+0.2%)

Key Takeaway

The sold price of homes in 15221 has remained the same since last year.

Summary: The median home sold price in 15221 was $169,500 in August 2024, up 0.2% from last year, and the median price per square foot was $123.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $72.5K$92.6K
+27.8%
2 $119.5K$139.5K
+16.7%
3 $163.5K$172.3K
+5.4%
4 $250K$312K
+24.8%
5+ $322.7K$127.5K
-60.5%

Summary: 15221 housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.8%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 24.8%, and 5+ bedroom homes decreased by 60.5%.

Median Sold Price Compared To Nearby Zip Codes

15104
+46.9%
15235
+6.1%
15218
+5.1%
15221
0.2%
15208
-6.0%

Housing Supply in 15221, PA

How many homes are available in 15221, PA?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
124132+6.5%

Summary: The 15221 real estate market had 132 homes for sale in August 2024, a 6.5% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 23
+50.0%
2 2220
-9.1%
3 7477
+4.1%
4 1822
+22.2%
5+ 810
+25.0%

Summary: The 15221 housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
2321-8.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15221, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 15221 in August 2024, down by 8.7% month-over-month. Of the 21 sold homes, 48% were sold under asking, 29% were sold at asking, and 24% were sold over asking.

Days on Market for 15221, PA

How long does it take to sell a home in 15221, PA?

Average Sale Time

Aug 2023Aug 2024CHANGE
50 Days51 Days+2.2%

Summary: Homes in 15221 had an average of 51 days on market in Aug 2024, up by 2.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 15221 has remained consistent over time.

Summary: During August 2024, 21 homes were sold in 15221; 33% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 10% 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 20 Days Ago

Newest Listings in 15221, PA

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