Is 16137, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 16137 has remained a Seller's Market.
Housing Prices in 16137, PA
How much do homes in 16137, PA cost?
Median Sold Price
$203,500
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 16137 was $203,500 in March 2024, down 10.7% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $130K | N/A |
2 Bedrooms | $171.1K | $145.5K | -15.0% |
3 Bedrooms | $254.5K | $208K | -18.3% |
4 Bedrooms | $228K | $299K | +31.1% |
5+ Bedrooms | $202.5K | $330K | +63.0% |
Summary: 16137 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15%, 3 bedroom homes decreased by 18.3%, 4 bedroom homes increased by 31.1%, and 5+ bedroom homes increased by 63%.
Median Sold Price Compared To Nearby Zip Codes
16142 | $230K | $240K | +4.3% |
16137 | $228K | $203.5K | -10.7% |
Housing Supply in 16137, PA
How many homes are available in 16137, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 30 | -11.8% |
Summary: The 16137 real estate market had 30 homes for sale in March 2024, a 11.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 4 | -42.9% |
3 Bedrooms | 17 | 17 | 0.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 16137 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 42.9%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 6 | -33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 16137 in March 2024, down by 33.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for 16137, PA
How long does it take to sell a home in 16137, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 87 Days | +67.2% |
Summary: Homes in 16137 had an average of 87 days on market in Mar 2024, up by 67.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in 16137; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.