Is 16823, 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, 16823 has remained a Seller's Market.
Key Takeaway
16823 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16823, PA
How much do homes in 16823, PA cost?
Median Sold Price
$289,900
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 16823 have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in 16823 was $289,900 in April 2024, down 2.1% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $121.2K | N/A |
| 2 Bedrooms | $186K | $209.5K | +12.6% |
| 3 Bedrooms | $287K | $297.5K | +3.7% |
| 4 Bedrooms | $377.5K | $403.8K | +7.0% |
| 5+ Bedrooms | $340K | $520.8K | +53.2% |
Summary: 16823 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 increased by 12.6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 53.2%.
Housing Supply in 16823, PA
How many homes are available in 16823, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 | 75 | +10.3% |
Summary: The 16823 real estate market had 75 homes for sale in April 2024, a 10.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 41 | 41 | 0.0% |
| 4 Bedrooms | 21 | 27 | +28.6% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 16823 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 21 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16823, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 16823 in April 2024, up by 50.0% month-over-month. Of the 21 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for 16823, PA
How long does it take to sell a home in 16823, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 25 Days | +79.4% |
Summary: Homes in 16823 had an average of 25 days on market in Apr 2024, up by 79.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 16823 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in 16823; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
