Is 15701, 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, 15701 has remained a Seller's Market.
Key Takeaway
15701 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 15701, PA
How much do homes in 15701, PA cost?
Median Sold Price
$175,450
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 15701 have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in 15701 was $175,450 in April 2024, up 6.3% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $119.5K | $128K | +7.1% |
| 3 Bedrooms | $164.6K | $162K | -1.6% |
| 4 Bedrooms | $210K | $273.2K | +30.1% |
| 5+ Bedrooms | $409K | $210K | -48.7% |
Summary: 15701 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 30.1%, and 5+ bedroom homes decreased by 48.7%.
Housing Supply in 15701, PA
How many homes are available in 15701, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 78 | 85 | +9.0% |
Summary: The 15701 real estate market had 85 homes for sale in April 2024, a 9.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 44 | 46 | +4.5% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The 15701 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 19 | +72.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 15701, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 15701 in April 2024, up by 72.7% month-over-month. Of the 19 sold homes, 53% were sold under asking, 11% were sold at asking, and 37% were sold over asking.
Days on Market for 15701, PA
How long does it take to sell a home in 15701, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 83 Days | 76 Days | -8.6% |
Summary: Homes in 15701 had an average of 76 days on market in Apr 2024, down by 8.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 15701 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 19 homes were sold in 15701; 32% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.
