Is 16127, 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, 16127 has remained a Seller's Market.
Key Takeaway
16127 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16127, PA
How much do homes in 16127, PA cost?
Median Sold Price
$225,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 16127 have sold for 21.6% more than they did a year ago.
Summary: The median home sold price in 16127 was $225,000 in April 2024, up 21.6% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $130K | N/A |
| 2 Bedrooms | $154K | $135K | -12.3% |
| 3 Bedrooms | $180K | $220K | +22.2% |
| 4 Bedrooms | $326.5K | $285K | -12.7% |
| 5+ Bedrooms | $306.3K | $372.5K | +21.6% |
Summary: 16127 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes increased by 21.6%.
Median Sold Price Compared To Nearby Zip Codes
| 16127 | $185K | $225K | +21.6% |
| 16137 | $210K | $203.5K | -3.1% |
Housing Supply in 16127, PA
How many homes are available in 16127, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 25 | +4.2% |
Summary: The 16127 real estate market had 25 homes for sale in April 2024, a 4.2% 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 | 5 | 3 | -40.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 16127 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 decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16127, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 16127 in April 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for 16127, PA
How long does it take to sell a home in 16127, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 28 Days | +53.6% |
Summary: Homes in 16127 had an average of 28 days on market in Apr 2024, up by 53.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 16127 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in 16127; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
