Is 16105, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 16105 was a Buyer's Market.
Key Takeaway
16105 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16105, PA
How much do homes in 16105, PA cost?
Median Sold Price
$172,750
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 16105 have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in 16105 was $172,750 in April 2024, up 4.7% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77.5K | $85.5K | +10.3% |
| 2 Bedrooms | $150K | $144.9K | -3.4% |
| 3 Bedrooms | $155K | $154.6K | -0.2% |
| 4 Bedrooms | $185K | $245K | +32.4% |
| 5+ Bedrooms | $215K | $329.9K | +53.4% |
Summary: 16105 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 32.4%, and 5+ bedroom homes increased by 53.4%.
Median Sold Price Compared To Nearby Zip Codes
| 16105 | $165K | $172.7K | +4.7% |
| 16142 | $230K | $229.3K | -0.3% |
| 16101 | $100K | $98.6K | -1.3% |
Housing Supply in 16105, PA
How many homes are available in 16105, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 76 | 78 | +2.6% |
Summary: The 16105 real estate market had 78 homes for sale in April 2024, a 2.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 42 | 43 | +2.4% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 16105 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 2.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 15 | -31.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16105, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 16105 in April 2024, down by 31.8% month-over-month. Of the 15 sold homes, 47% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for 16105, PA
How long does it take to sell a home in 16105, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 121 Days | 63 Days | -47.6% |
Summary: Homes in 16105 had an average of 63 days on market in Apr 2024, down by 47.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 16105 has remained consistent over time.
Summary: During April 2024, 15 homes were sold in 16105; 27% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.