Is 17340, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 17340 has remained a Seller's Market.
Key Takeaway
17340 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 17340, PA
How much do homes in 17340, PA cost?
Median Sold Price
$285,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 17340 have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in 17340 was $285,000 in March 2024, up 3.5% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $287.7K | $290K | +0.8% |
| 3 Bedrooms | $255K | $270K | +5.9% |
| 4 Bedrooms | $424.9K | $307K | -27.7% |
| 5+ Bedrooms | $363.7K | $492K | +35.3% |
Summary: 17340 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 27.7%, and 5+ bedroom homes increased by 35.3%.
Housing Supply in 17340, PA
How many homes are available in 17340, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 37 | +19.4% |
Summary: The 17340 real estate market had 37 homes for sale in March 2024, a 19.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 17340 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 25%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 17340, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 17340 in March 2024, up by 40.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for 17340, PA
How long does it take to sell a home in 17340, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 38 Days | +15.1% |
Summary: Homes in 17340 had an average of 38 days on market in Mar 2024, up by 15.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 17340 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in 17340; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
