Is 16803, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 16803 was a Neutral Market.
Key Takeaway
16803 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16803, PA
How much do homes in 16803, PA cost?
Median Sold Price
$438,750
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 16803 have sold for 15.5% more than they did a year ago.
Summary: The median home sold price in 16803 was $438,750 in March 2024, up 15.5% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232.2K | - | N/A |
| 2 Bedrooms | $245.5K | $249K | +1.4% |
| 3 Bedrooms | $334.9K | $359.9K | +7.4% |
| 4 Bedrooms | $482.5K | $505K | +4.7% |
| 5+ Bedrooms | $587.5K | $695K | +18.3% |
Summary: 16803 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 1.4%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 18.3%.
Median Sold Price Compared To Nearby Zip Codes
| 16803 | $379.9K | $438.7K | +15.5% |
| 16801 | $389.9K | $380.5K | -2.4% |
Housing Supply in 16803, PA
How many homes are available in 16803, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 57 | +26.7% |
Summary: The 16803 real estate market had 57 homes for sale in March 2024, a 26.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 19 | 26 | +36.8% |
| 4 Bedrooms | 22 | 23 | +4.5% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 16803 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 36.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16803, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 16803 in March 2024, up by 30.0% month-over-month. Of the 13 sold homes, 15% were sold under asking, 38% were sold at asking, and 46% were sold over asking.
Days on Market for 16803, PA
How long does it take to sell a home in 16803, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 21 Days | 36 Days | +64.9% |
Summary: Homes in 16803 had an average of 36 days on market in Mar 2024, up by 64.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 16803 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in 16803; 77% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
