Is 16055, 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, 16055 was a Buyer's Market.
Housing Prices in 16055, PA
How much do homes in 16055, PA cost?
Median Sold Price
$319,990
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 16055 was $319,990 in March 2024, up 1.3% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $193K | $448.4K | +132.4% |
3 Bedrooms | $300K | $272.5K | -9.2% |
4 Bedrooms | $393.5K | $385K | -2.2% |
5+ Bedrooms | $390K | $415K | +6.4% |
Summary: 16055 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 132.4%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Zip Codes
16055 | $316K | $319.9K | +1.3% |
15065 | $165K | $165.5K | 0.3% |
16229 | $175K | $169.3K | -3.2% |
Housing Supply in 16055, PA
How many homes are available in 16055, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 20 | +5.3% |
Summary: The 16055 real estate market had 20 homes for sale in March 2024, a 5.3% increase 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 | 7 | +16.7% |
3 Bedrooms | 10 | 9 | -10.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 16055 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 increased by 16.7%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 16055 in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 16055, PA
How long does it take to sell a home in 16055, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
192 Days | 70 Days | -63.2% |
Summary: Homes in 16055 had an average of 70 days on market in Mar 2024, down by 63.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in 16055; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.