Is 15656, 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, 15656 was a Seller's Market.
Key Takeaway
15656 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 15656, PA
How much do homes in 15656, PA cost?
Median Sold Price
$155,000
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 15656 have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in 15656 was $155,000 in March 2024, up 11.8% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $72.7K | $93.5K | +28.6% |
| 2 Bedrooms | $115K | $111K | -3.5% |
| 3 Bedrooms | $145.9K | $158K | +8.3% |
| 4 Bedrooms | $174.2K | $196.4K | +12.7% |
| 5+ Bedrooms | - | $285K | N/A |
Summary: 15656 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes did not change.
Housing Supply in 15656, PA
How many homes are available in 15656, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 26 | -16.1% |
Summary: The 15656 real estate market had 26 homes for sale in March 2024, a 16.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 18 | 14 | -22.2% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 15656 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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 3 | -70.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 15656, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 15656 in March 2024, down by 70.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 15656, PA
How long does it take to sell a home in 15656, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 63 Days | 76 Days | +19.6% |
Summary: Homes in 15656 had an average of 76 days on market in Mar 2024, up by 19.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 15656 has remained consistent over time.
Summary: During March 2024, 3 homes were sold in 15656; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
