Is 16828, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 16828 has remained a Buyer's Market.
Key Takeaway
16828 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 16828, PA
How much do homes in 16828, PA cost?
Median Sold Price
$290,000
$132/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 16828 have sold for 2.1% less than they did a month ago.
Summary: The median home sold price in 16828 was $290,000 in March 2024, down 2.1% from last month, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172.5K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $335K | N/A |
| 4 Bedrooms | $420K | $277.5K | -33.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: 16828 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 33.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 16828 | $296.2K | $290K | -2.1% |
| 17063 | $169.9K | $80K | -52.9% |
Housing Supply in 16828, PA
How many homes are available in 16828, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 36 | +2.9% |
Summary: The 16828 real estate market had 36 homes for sale in March 2024, a 2.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 16828 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 16828, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 16828 in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 16828, PA
How long does it take to sell a home in 16828, PA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 Days | 93 Days | +1228.6% |
Summary: Homes in 16828 had an average of 93 days on market in Mar 2024, up by 1228.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 16828 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 3 homes were sold in 16828; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
