Is 17331, 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, 17331 was a Seller's Market.
Key Takeaway
17331 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 17331, PA
How much do homes in 17331, PA cost?
Median Sold Price
$272,102
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 17331 have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in 17331 was $272,102 in March 2024, up 12.6% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.5K | $129.9K | +57.6% |
| 2 Bedrooms | $175K | $201K | +14.9% |
| 3 Bedrooms | $230K | $255.1K | +10.9% |
| 4 Bedrooms | $348.9K | $364.7K | +4.5% |
| 5+ Bedrooms | $410.4K | $439.7K | +7.1% |
Summary: 17331 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.6%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Zip Codes
| 17331 | $241.7K | $272.1K | +12.6% |
| 17344 | $205K | $229.9K | +12.1% |
| 17301 | $308.2K | $325.2K | +5.5% |
| 17362 | $315K | $300K | -4.8% |
Housing Supply in 17331, PA
How many homes are available in 17331, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 323 | 336 | +4.0% |
Summary: The 17331 real estate market had 336 homes for sale in March 2024, a 4.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 25 | 31 | +24.0% |
| 3 Bedrooms | 184 | 189 | +2.7% |
| 4 Bedrooms | 82 | 90 | +9.8% |
| 5+ Bedrooms | 31 | 25 | -19.4% |
Summary: The 17331 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 19.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 50 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 17331, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 50 homes were sold or pending in 17331 in March 2024, the same as the previous month. Of the 50 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for 17331, PA
How long does it take to sell a home in 17331, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 38 Days | -28.9% |
Summary: Homes in 17331 had an average of 38 days on market in Mar 2024, down by 28.9% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 17331 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 50 homes were sold in 17331; 58% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
