Is 15601, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 15601 has remained a Seller's Market.
Key Takeaway
15601 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 15601, PA
How much do homes in 15601, PA cost?
Median Sold Price
$232,950
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 15601 have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in 15601 was $232,950 in March 2024, up 3.3% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | $71K | +42.1% |
| 2 Bedrooms | $146.7K | $155K | +5.6% |
| 3 Bedrooms | $210K | $225K | +7.1% |
| 4 Bedrooms | $330K | $325K | -1.5% |
| 5+ Bedrooms | $355K | $335K | -5.6% |
Summary: 15601 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.1%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 5.6%.
Housing Supply in 15601, PA
How many homes are available in 15601, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 171 | 166 | -2.9% |
Summary: The 15601 real estate market had 166 homes for sale in March 2024, a 2.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 28 | 24 | -14.3% |
| 3 Bedrooms | 75 | 81 | +8.0% |
| 4 Bedrooms | 44 | 37 | -15.9% |
| 5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The 15601 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 decreased by 14.3%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 54 | +50.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 15601, you may be able to get a good deal. 42.6% of homes here sold below asking price last month.
Summary: A total of 54 homes were sold or pending in 15601 in March 2024, up by 50.0% month-over-month. Of the 54 sold homes, 43% were sold under asking, 17% were sold at asking, and 41% were sold over asking.
Days on Market for 15601, PA
How long does it take to sell a home in 15601, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 50 Days | +0.9% |
Summary: Homes in 15601 had an average of 50 days on market in Mar 2024, up by 0.9% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 15601 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 54 homes were sold in 15601; 50% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
