Is 16116, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 16116 has remained a Seller's Market.
Housing Prices in 16116, PA
How much do homes in 16116, PA cost?
Median Sold Price
$168,950
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 16116 was $168,950 in February 2024, down 2.2% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $121.9K | - | N/A |
3 Bedrooms | $182.5K | $165K | -9.6% |
4 Bedrooms | $178K | $289.9K | +62.9% |
5+ Bedrooms | $216.2K | - | N/A |
Summary: 16116 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 9.6%, 4 bedroom homes increased by 62.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
16116 | $172.7K | $168.9K | -2.2% |
16102 | $89.7K | $73.5K | -18.1% |
Housing Supply in 16116, PA
How many homes are available in 16116, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Summary: The 16116 real estate market had 5 homes for sale in February 2024, a 25.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 16116 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 16116 in February 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 16116, PA
How long does it take to sell a home in 16116, PA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
59 Days | 91 Days | +54.2% |
Summary: Homes in 16116 had an average of 91 days on market in Feb 2024, up by 54.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 1 homes were sold in 16116; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.