Is 16701, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 16701 was a Neutral Market.
Key Takeaway
16701 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16701, PA
How much do homes in 16701, PA cost?
Median Sold Price
$100,000
$74/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 16701 have sold for 13% less than they did a year ago.
Summary: The median home sold price in 16701 was $100,000 in April 2024, down 13% from last year, and the median price per square foot was $74.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $48.5K | N/A |
| 2 Bedrooms | $74.9K | $71.9K | -4.0% |
| 3 Bedrooms | $109.5K | $101.7K | -7.1% |
| 4 Bedrooms | $151.5K | $127.8K | -15.6% |
| 5+ Bedrooms | $284.5K | $95K | -66.6% |
Summary: 16701 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 4%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes decreased by 66.6%.
Housing Supply in 16701, PA
How many homes are available in 16701, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 28 | -26.3% |
Summary: The 16701 real estate market had 28 homes for sale in April 2024, a 26.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 13 | 8 | -38.5% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 16701 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 16701, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 16701 in April 2024, down by 40.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 16701, PA
How long does it take to sell a home in 16701, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 116 Days | +494.1% |
Summary: Homes in 16701 had an average of 116 days on market in Apr 2024, up by 494.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 16701 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 6 homes were sold in 16701; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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