Is 15501, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 15501 has remained a Seller's Market.
Key Takeaway
15501 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 15501, PA
How much do homes in 15501, PA cost?
Median Sold Price
$210,300
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 15501 have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in 15501 was $210,300 in April 2024, up 12.5% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $72.7K | -67.7% |
| 2 Bedrooms | $177K | $139.5K | -21.2% |
| 3 Bedrooms | $173K | $202.5K | +17.1% |
| 4 Bedrooms | $350K | $290K | -17.1% |
| 5+ Bedrooms | $320K | $570K | +78.1% |
Summary: 15501 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 67.7%, 2 bedroom homes decreased by 21.2%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes increased by 78.1%.
Housing Supply in 15501, PA
How many homes are available in 15501, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 45 | -2.2% |
Summary: The 15501 real estate market had 45 homes for sale in April 2024, a 2.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 19 | 16 | -15.8% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 15501 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 15501, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 15501 in April 2024, the same as the previous month. Of the 9 sold homes, 56% were sold under asking, 44% were sold at asking, and 0% were sold over asking.
Days on Market for 15501, PA
How long does it take to sell a home in 15501, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 37 Days | +61.8% |
Summary: Homes in 15501 had an average of 37 days on market in Apr 2024, up by 61.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 15501 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in 15501; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
