Is 16117, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 16117 has remained a Seller's Market.
Housing Prices in 16117, PA
How much do homes in 16117, PA cost?
Median Sold Price
$165,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 16117 was $165,000 in April 2024, up 2.2% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $15K | $65K | +333.3% |
2 Bedrooms | $132.5K | $165K | +24.5% |
3 Bedrooms | $162.5K | $161.6K | -0.6% |
4 Bedrooms | $192.7K | $205K | +6.4% |
5+ Bedrooms | $219.5K | $288.7K | +31.5% |
Summary: 16117 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 333.3%, 2 bedroom homes increased by 24.5%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 31.5%.
Median Sold Price Compared To Nearby Zip Codes
16157 | $154K | $199K | +29.2% |
16117 | $161.5K | $165K | +2.2% |
16101 | $100K | $98.6K | -1.3% |
Housing Supply in 16117, PA
How many homes are available in 16117, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 68 | +7.9% |
Summary: The 16117 real estate market had 68 homes for sale in April 2024, a 7.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 15 | 13 | -13.3% |
3 Bedrooms | 33 | 35 | +6.1% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 16117 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 12 | -14.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 16117 in April 2024, down by 14.3% month-over-month. Of the 12 sold homes, 75% were sold under asking, 8% were sold at asking, and 17% were sold over asking.
Days on Market for 16117, PA
How long does it take to sell a home in 16117, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
92 Days | 53 Days | -42.3% |
Summary: Homes in 16117 had an average of 53 days on market in Apr 2024, down by 42.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in 16117; 42% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.