Is 17057, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17057 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 17057 was a Neutral Market.

Key Takeaway

17057 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 17057, PA

How much do homes in 17057, PA cost?

Median Sold Price

$225,000

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$33,000(+17.2%)

Key Takeaway

Homes in 17057 have sold for 17.2% more than they did a year ago.

Summary: The median home sold price in 17057 was $225,000 in February 2024, up 17.2% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$384K
N/A
2 $162K$181.9K
+12.3%
3 $192K$224.5K
+16.9%
4 $255K$270K
+5.9%
5+ $372.7K$410K
+10.0%

Summary: 17057 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 10%.

Median Sold Price Compared To Nearby Zip Codes

17057
+17.2%
17036
+9.1%
17111
+3.9%
17022
+3.5%

Housing Supply in 17057, PA

How many homes are available in 17057, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4854+12.5%

Summary: The 17057 real estate market had 54 homes for sale in February 2024, a 12.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 69
+50.0%
3 2328
+21.7%
4 1211
-8.3%
5+ 54
-20.0%

Summary: The 17057 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 21.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
107-30.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 17057, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 17057 in February 2024, down by 30.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.

Days on Market for 17057, PA

How long does it take to sell a home in 17057, PA?

Average Sale Time

Feb 2023Feb 2024CHANGE
43 Days17 Days-59.0%

Summary: Homes in 17057 had an average of 17 days on market in Feb 2024, down by 59% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 17057 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 7 homes were sold in 17057; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in 17057, PA

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