Is 16066, 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, 16066 has remained a Seller's Market.
Key Takeaway
16066 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16066, PA
How much do homes in 16066, PA cost?
Median Sold Price
$415,808
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 16066 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 16066 was $415,808 in March 2024, up 4% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119K | - | N/A |
| 2 Bedrooms | $209.4K | $228K | +8.9% |
| 3 Bedrooms | $350K | $351K | 0.3% |
| 4 Bedrooms | $495K | $515K | +4.0% |
| 5+ Bedrooms | $729.9K | $852.5K | +16.8% |
Summary: 16066 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 8.9%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 16.8%.
Median Sold Price Compared To Nearby Zip Codes
| 16066 | $400K | $415.8K | +4.0% |
| 16046 | $490K | $475K | -3.1% |
| 16063 | $439.2K | $352.5K | -19.7% |
Housing Supply in 16066, PA
How many homes are available in 16066, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 109 | 133 | +22.0% |
Summary: The 16066 real estate market had 133 homes for sale in March 2024, a 22.0% 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 | 16 | 21 | +31.3% |
| 3 Bedrooms | 45 | 56 | +24.4% |
| 4 Bedrooms | 37 | 41 | +10.8% |
| 5+ Bedrooms | 11 | 15 | +36.4% |
Summary: The 16066 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 31.3%, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 36 | +100.0% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16066, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in 16066 in March 2024, up by 100.0% month-over-month. Of the 36 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% were sold over asking.
Days on Market for 16066, PA
How long does it take to sell a home in 16066, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 50 Days | +51.4% |
Summary: Homes in 16066 had an average of 50 days on market in Mar 2024, up by 51.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 16066 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 36 homes were sold in 16066; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
