Is 16201, 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, 16201 has remained a Seller's Market.
Key Takeaway
16201 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16201, PA
How much do homes in 16201, PA cost?
Median Sold Price
$165,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 16201 have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in 16201 was $165,000 in April 2024, up 10.8% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63K | $27K | -57.2% |
| 2 Bedrooms | $90.2K | $139.9K | +55.1% |
| 3 Bedrooms | $165.5K | $181.5K | +9.7% |
| 4 Bedrooms | $186.6K | $219.7K | +17.7% |
| 5+ Bedrooms | $219.9K | - | N/A |
Summary: 16201 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.2%, 2 bedroom homes increased by 55.1%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 16226 | $90.2K | $141K | +56.2% |
| 16201 | $148.9K | $165K | +10.8% |
Housing Supply in 16201, PA
How many homes are available in 16201, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 42 | 46 | +9.5% |
Summary: The 16201 real estate market had 46 homes for sale in April 2024, a 9.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 24 | 28 | +16.7% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 16201 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 25%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16201, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 16201 in April 2024, up by 25.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 16201, PA
How long does it take to sell a home in 16201, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 86 Days | 61 Days | -28.6% |
Summary: Homes in 16201 had an average of 61 days on market in Apr 2024, down by 28.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 16201 has remained consistent over time.
Summary: During April 2024, 10 homes were sold in 16201; 30% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
