Is 16059, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 16059 has remained a Seller's Market.
Housing Prices in 16059, PA
How much do homes in 16059, PA cost?
Median Sold Price
$484,900
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 16059 was $484,900 in March 2024, up 21.4% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $385K | $389.9K | +1.3% |
3 Bedrooms | $315K | $355K | +12.7% |
4 Bedrooms | $545K | $556.6K | +2.1% |
5+ Bedrooms | $675K | $650K | -3.7% |
Summary: 16059 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 1.3%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 3.7%.
Housing Supply in 16059, PA
How many homes are available in 16059, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 22 | -8.3% |
Summary: The 16059 real estate market had 22 homes for sale in March 2024, a 8.3% 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 | 4 | 1 | -75.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 16059 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 decreased by 75%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 9 | +80.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 16059 in March 2024, up by 80.0% month-over-month. Of the 9 sold homes, 89% were sold under asking, 0% were sold at asking, and 11% were sold over asking.
Days on Market for 16059, PA
How long does it take to sell a home in 16059, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
18 Days | 50 Days | +174.7% |
Summary: Homes in 16059 had an average of 50 days on market in Mar 2024, up by 174.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in 16059; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.