Is 16101, 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, 16101 was a Seller's Market.
Housing Prices in 16101, PA
How much do homes in 16101, PA cost?
Median Sold Price
$100,000
$69/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 16101 was $100,000 in March 2024, up 5.3% from last year, and the median price per square foot was $69.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $34.5K | $34.9K | +1.2% |
2 Bedrooms | $78K | $70K | -10.3% |
3 Bedrooms | $106.2K | $115K | +8.2% |
4 Bedrooms | $122.5K | $122.5K | 0.0% |
5+ Bedrooms | $63.5K | $180K | +183.1% |
Summary: 16101 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 8.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 183.1%.
Housing Supply in 16101, PA
How many homes are available in 16101, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
116 | 138 | +19.0% |
Summary: The 16101 real estate market had 138 homes for sale in March 2024, a 19.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 26 | 37 | +42.3% |
3 Bedrooms | 68 | 80 | +17.6% |
4 Bedrooms | 20 | 19 | -5.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 16101 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 42.3%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 17 | +41.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 16101 in March 2024, up by 41.7% month-over-month. Of the 17 sold homes, 47% were sold under asking, 6% were sold at asking, and 47% were sold over asking.
Days on Market for 16101, PA
How long does it take to sell a home in 16101, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
93 Days | 54 Days | -41.3% |
Summary: Homes in 16101 had an average of 54 days on market in Mar 2024, down by 41.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in 16101; 41% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.