Is 17042, 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, 17042 was a Seller's Market.
Key Takeaway
17042 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 17042, PA
How much do homes in 17042, PA cost?
Median Sold Price
$251,500
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 17042 have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in 17042 was $251,500 in March 2024, up 0.5% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $113.5K | N/A |
| 2 Bedrooms | $176.5K | $216.5K | +22.7% |
| 3 Bedrooms | $237.4K | $249.9K | +5.3% |
| 4 Bedrooms | $372.5K | $323K | -13.3% |
| 5+ Bedrooms | $332.5K | $430K | +29.3% |
Summary: 17042 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 22.7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 29.3%.
Median Sold Price Compared To Nearby Zip Codes
| 17046 | $175K | $180.6K | +3.2% |
| 17042 | $250.2K | $251.5K | 0.5% |
| 17064 | $363K | $357.5K | -1.5% |
Housing Supply in 17042, PA
How many homes are available in 17042, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 177 | 175 | -1.1% |
Summary: The 17042 real estate market had 175 homes for sale in March 2024, a 1.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 24 | 21 | -12.5% |
| 3 Bedrooms | 93 | 93 | 0.0% |
| 4 Bedrooms | 39 | 42 | +7.7% |
| 5+ Bedrooms | 19 | 17 | -10.5% |
Summary: The 17042 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 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 10.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 27 | -30.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 17042, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in 17042 in March 2024, down by 30.8% month-over-month. Of the 27 sold homes, 37% were sold under asking, 19% were sold at asking, and 44% were sold over asking.
Days on Market for 17042, PA
How long does it take to sell a home in 17042, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 17 Days | 33 Days | +94.1% |
Summary: Homes in 17042 had an average of 33 days on market in Mar 2024, up by 94.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 17042 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 27 homes were sold in 17042; 78% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
