Is 17061, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17061 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 17061 was a Buyer's Market.

Key Takeaway

17061 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 17061, PA

How much do homes in 17061, PA cost?

Median Sold Price

$170,000

$73/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$35,100(+26.0%)

Key Takeaway

Homes in 17061 have sold for 26% more than they did a month ago.

Summary: The median home sold price in 17061 was $170,000 in February 2024, up 26% from last month, and the median price per square foot was $73.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $134.9K$170K
+26.0%
4 -$124.2K
N/A
5+ --
N/A

Summary: 17061 housing prices by bedroom type for February 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 increased by 26%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 17061, PA

How many homes are available in 17061, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2528+12.0%

Summary: The 17061 real estate market had 28 homes for sale in February 2024, a 12.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1720
+17.6%
4 77
0.0%
5+ 00
0.0%

Summary: The 17061 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 remained the same, 3 bedroom homes increased by 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
17+600.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 17061, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 17061 in February 2024, up by 600.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for 17061, PA

How long does it take to sell a home in 17061, PA?

Average Sale Time

Jan 2024Feb 2024CHANGE
17 Days51 Days+202.5%

Summary: Homes in 17061 had an average of 51 days on market in Feb 2024, up by 202.5% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 17061 has remained consistent over time.

Summary: During February 2024, 7 homes were sold in 17061; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% 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 28 Days Ago

Newest Listings in 17061, PA

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