Is 17201, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17201 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 17201 was a Neutral Market.

Key Takeaway

17201 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 17201, PA

How much do homes in 17201, PA cost?

Median Sold Price

$225,550

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$5,650(+2.6%)

Key Takeaway

Homes in 17201 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 17201 was $225,550 in February 2024, up 2.6% from last year, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $70K$187.4K
+167.8%
2 $171K$207.5K
+21.3%
3 $220K$220K
0.0%
4 $250.4K$268.5K
+7.2%
5+ $275K$385K
+40.0%

Summary: 17201 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 167.8%, 2 bedroom homes increased by 21.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 40%.

Median Sold Price Compared To Nearby Zip Codes

17202
+7.4%
17201
+2.6%

Housing Supply in 17201, PA

How many homes are available in 17201, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7982+3.8%

Summary: The 17201 real estate market had 82 homes for sale in February 2024, a 3.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 1415
+7.1%
3 4139
-4.9%
4 1418
+28.6%
5+ 99
0.0%

Summary: The 17201 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 7.1%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1310-23.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 17201, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in 17201 in February 2024, down by 23.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 50% were sold at asking, and 10% were sold over asking.

Days on Market for 17201, PA

How long does it take to sell a home in 17201, PA?

Average Sale Time

Feb 2023Feb 2024CHANGE
56 Days29 Days-47.8%

Summary: Homes in 17201 had an average of 29 days on market in Feb 2024, down by 47.8% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 17201 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 10 homes were sold in 17201; 60% of homes were sold within 30 days, 40% 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 17201, PA

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