Is 17022, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 17022 has remained a Seller's Market.
Key Takeaway
17022 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 17022, PA
How much do homes in 17022, PA cost?
Median Sold Price
$305,166
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 17022 have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in 17022 was $305,166 in March 2024, up 5.2% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $207.5K | $225K | +8.4% |
| 3 Bedrooms | $285K | $285K | 0.0% |
| 4 Bedrooms | $402.9K | $401K | -0.5% |
| 5+ Bedrooms | $510K | $530K | +3.9% |
Summary: 17022 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 8.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 3.9%.
Housing Supply in 17022, PA
How many homes are available in 17022, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 66 | 67 | +1.5% |
Summary: The 17022 real estate market had 67 homes for sale in March 2024, a 1.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 36 | 39 | +8.3% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 17022 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 18 | +50.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 17022, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 17022 in March 2024, up by 50.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 17% were sold at asking, and 39% were sold over asking.
Days on Market for 17022, PA
How long does it take to sell a home in 17022, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 17 Days | 23 Days | +34.6% |
Summary: Homes in 17022 had an average of 23 days on market in Mar 2024, up by 34.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 17022 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in 17022; 94% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
