Is 15222, 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, 15222 was a Seller's Market.
Key Takeaway
15222 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 15222, PA
How much do homes in 15222, PA cost?
Median Sold Price
$495,000
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 15222 have sold for 17.3% more than they did a year ago.
Summary: The median home sold price in 15222 was $495,000 in March 2024, up 17.3% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $279K | $275K | -1.4% |
| 2 Bedrooms | $556K | $512.5K | -7.8% |
| 3 Bedrooms | $706K | $873.9K | +23.8% |
| 4 Bedrooms | $1.6M | $1.4M | -8.2% |
| 5+ Bedrooms | $765K | - | N/A |
Summary: 15222 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 23.8%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes did not change.
Housing Supply in 15222, PA
How many homes are available in 15222, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 85 | 91 | +7.1% |
Summary: The 15222 real estate market had 91 homes for sale in March 2024, a 7.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 24 | +4.3% |
| 2 Bedrooms | 48 | 55 | +14.6% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 15222 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 14.6%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 15222, you may be able to get a good deal. 90% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 15222 in March 2024, up by 100.0% month-over-month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.
Days on Market for 15222, PA
How long does it take to sell a home in 15222, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 134 Days | +304.8% |
Summary: Homes in 15222 had an average of 134 days on market in Mar 2024, up by 304.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 15222 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 10 homes were sold in 15222; 10% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
