Is 16055, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 16055 is a neutral's market

Buyer's
Market

Difference Since January 2022

At the same time last year, 16055 was a Buyer's Market.

Key Takeaway

16055 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 16055, PA cost?

Median Sold Price

$301,000

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$16,000(+5.6%)

Key Takeaway

Homes in 16055 have sold for 5.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 -$58K
N/A
2 $177.3K$165K
-7.0%
3 $246K$286K
+16.3%
4 $359.9K$408.5K
+13.5%
5+ $348.1K$390K
+12.0%

Median Sold Price Compared To Nearby Zip Codes

15065
+19.1%
16055
+5.6%

How many homes are available in 16055, PA?

Number of Homes For Sale

Dec 2022Jan 2023%
1713-23.5%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 11
0.0%
2 11
0.0%
3 139
-30.8%
4 11
0.0%
5+ 11
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 16055, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
53 Days47 Days-11.3%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 16055 are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 16055, PA

16055, PA has 13 homes on the market. The number of listings in 16055, PA decreased by 23.5% between December 2022 and January 2023. In January 2023, listings were on the market for 47 days. During the same period, the median list price in this real estate market was $301,000. Between December 2022 and January 2023, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went down by 7%, prices of 3 bedrooms properties went up by 16.3%, prices of 4 bedrooms properties increased by 13.5%, 5 bedrooms properties became 12% more expensive. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes went down by 30.8%, 4 bedrooms homes inventory did not change, volume of 5 bedrooms homes stayed the same. Over 0 listings were sold over their listed price in January 2023 in 16055, PA. In the same period over 1 listings were sold below the listed price and 1 listings were sold for the listed price.