Is 17225, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17225 is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, 17225 has remained a Buyer's Market.

Key Takeaway

17225 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 17225, PA

How much do homes in 17225, PA cost?

Median Sold Price

$296,870

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$6,870(+2.4%)

Key Takeaway

Homes in 17225 have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in 17225 was $296,870 in February 2024, up 2.4% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $254.7K$220K
-13.6%
3 $270K$265.5K
-1.7%
4 $364.9K$350K
-4.1%
5+ $483.6K$491K
+1.5%

Summary: 17225 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 decreased by 13.6%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 1.5%.

Median Sold Price Compared To Nearby Zip Codes

17268
+11.1%
17225
+2.4%

Housing Supply in 17225, PA

How many homes are available in 17225, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
128123-3.9%

Summary: The 17225 real estate market had 123 homes for sale in February 2024, a 3.9% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 6967
-2.9%
4 4442
-4.5%
5+ 1011
+10.0%

Summary: The 17225 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 decreased by 40%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1812-33.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 17225, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 17225 in February 2024, down by 33.3% month-over-month. Of the 12 sold homes, 42% were sold under asking, 42% were sold at asking, and 17% were sold over asking.

Days on Market for 17225, PA

How long does it take to sell a home in 17225, PA?

Average Sale Time

Feb 2023Feb 2024CHANGE
38 Days52 Days+37.2%

Summary: Homes in 17225 had an average of 52 days on market in Feb 2024, up by 37.2% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 17225 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 12 homes were sold in 17225; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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 17225, PA

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