Is 17050, 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, 17050 was a Buyer's Market.
Key Takeaway
17050 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 17050, PA
How much do homes in 17050, PA cost?
Median Sold Price
$394,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in 17050 has remained the same since last year.
Summary: The median home sold price in 17050 was $394,000 in March 2024, down 0.3% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $155K | N/A |
| 2 Bedrooms | $275K | $258K | -6.2% |
| 3 Bedrooms | $301.1K | $344.1K | +14.3% |
| 4 Bedrooms | $499K | $525K | +5.2% |
| 5+ Bedrooms | $680K | $650K | -4.4% |
Summary: 17050 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 decreased by 6.2%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 4.4%.
Housing Supply in 17050, PA
How many homes are available in 17050, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 160 | 164 | +2.5% |
Summary: The 17050 real estate market had 164 homes for sale in March 2024, a 2.5% 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 | 17 | 17 | 0.0% |
| 3 Bedrooms | 63 | 59 | -6.3% |
| 4 Bedrooms | 66 | 67 | +1.5% |
| 5+ Bedrooms | 13 | 21 | +61.5% |
Summary: The 17050 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 decreased by 6.3%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 61.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 30 | +36.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 17050, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in 17050 in March 2024, up by 36.4% month-over-month. Of the 30 sold homes, 37% were sold under asking, 17% were sold at asking, and 47% were sold over asking.
Days on Market for 17050, PA
How long does it take to sell a home in 17050, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 27 Days | +20.3% |
Summary: Homes in 17050 had an average of 27 days on market in Mar 2024, up by 20.3% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 17050 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 30 homes were sold in 17050; 77% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
