Is 16055, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS | Jan 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | $58K | N/A |
| 2 Bedrooms | $177.3K | $165K | -7.0% |
| 3 Bedrooms | $246K | $286K | +16.3% |
| 4 Bedrooms | $359.9K | $408.5K | +13.5% |
| 5+ Bedrooms | $348.1K | $390K | +12.0% |
Median Sold Price Compared To Nearby Zip Codes
| 15065 | $138.5K | $165K | +19.1% |
| 16055 | $285K | $301K | +5.6% |
How many homes are available in 16055, PA?
Number of Homes For Sale
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 17 | 13 | -23.5% |
Homes For Sale By Bedroom Count
| # BEDS | Dec 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 13 | 9 | -30.8% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Number of Homes Sold
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 4 | 2 | -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
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 2022 | Jan 2023 | % |
|---|---|---|
| 53 Days | 47 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
Key Takeaway
Many homes in 16055 are selling fast, if you're buying plan to act quickly.
