Is 16148, 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, 16148 has remained a Seller's Market.
Key Takeaway
16148 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16148, PA
How much do homes in 16148, PA cost?
Median Sold Price
$190,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 16148 have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in 16148 was $190,000 in March 2024, up 5.6% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | - | N/A |
| 2 Bedrooms | $165K | $180K | +9.1% |
| 3 Bedrooms | $170K | $175K | +2.9% |
| 4 Bedrooms | $355K | $304K | -14.4% |
| 5+ Bedrooms | $425K | $475K | +11.8% |
Summary: 16148 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 increased by 9.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 14.4%, and 5+ bedroom homes increased by 11.8%.
Housing Supply in 16148, PA
How many homes are available in 16148, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 44 | 42 | -4.5% |
Summary: The 16148 real estate market had 42 homes for sale in March 2024, a 4.5% 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 | 5 | -28.6% |
| 3 Bedrooms | 28 | 26 | -7.1% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 16148 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 28.6%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16148, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 16148 in March 2024, down by 30.8% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for 16148, PA
How long does it take to sell a home in 16148, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 75 Days | 52 Days | -29.6% |
Summary: Homes in 16148 had an average of 52 days on market in Mar 2024, down by 29.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 16148 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in 16148; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
