Is 15223, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15223 is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 15223 was a Seller's Market.

Key Takeaway

15223 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 15223, PA

How much do homes in 15223, PA cost?

Median Sold Price

$190,500

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$2,000(-1.0%)

Key Takeaway

Homes in 15223 have sold for 1% less than they did a year ago.

Summary: The median home sold price in 15223 was $190,500 in March 2024, down 1% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $71.5K$65.9K
-7.8%
2 $131.2K$150K
+14.3%
3 $207K$202.5K
-2.2%
4 $262.5K$238.5K
-9.1%
5+ $319.9K$180.2K
-43.7%

Summary: 15223 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 43.7%.

Median Sold Price Compared To Nearby Zip Codes

15201
+3.4%
15116
+2.2%
15215
+1.6%
15209
+1.4%
15223
-1.0%

Housing Supply in 15223, PA

How many homes are available in 15223, PA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1822+22.2%

Summary: The 15223 real estate market had 22 homes for sale in March 2024, a 22.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 79
+28.6%
3 89
+12.5%
4 11
0.0%
5+ 23
+50.0%

Summary: The 15223 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 28.6%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15223, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 15223 in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for 15223, PA

How long does it take to sell a home in 15223, PA?

Average Sale Time

Mar 2023Mar 2024CHANGE
61 Days103 Days+68.9%

Summary: Homes in 15223 had an average of 103 days on market in Mar 2024, up by 68.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 15223 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 3 homes were sold in 15223; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 18 Days Ago

Newest Listings in 15223, PA

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