Is 17362, 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, 17362 was a Seller's Market.
Key Takeaway
17362 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 17362, PA
How much do homes in 17362, PA cost?
Median Sold Price
$300,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 17362 have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in 17362 was $300,000 in March 2024, down 4.8% 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 | $219.9K | - | N/A |
| 2 Bedrooms | $207K | $245K | +18.4% |
| 3 Bedrooms | $264.5K | $267.5K | +1.1% |
| 4 Bedrooms | $350K | $358K | +2.3% |
| 5+ Bedrooms | $515K | $400K | -22.3% |
Summary: 17362 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 18.4%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 22.3%.
Median Sold Price Compared To Nearby Zip Codes
| 17331 | $241.7K | $272.1K | +12.6% |
| 17360 | $334K | $360K | +7.8% |
| 17362 | $315K | $300K | -4.8% |
| 17329 | $388K | $305K | -21.4% |
Housing Supply in 17362, PA
How many homes are available in 17362, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 77 | 75 | -2.6% |
Summary: The 17362 real estate market had 75 homes for sale in March 2024, a 2.6% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 31 | 26 | -16.1% |
| 4 Bedrooms | 36 | 37 | +2.8% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The 17362 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 remained the same, 3 bedroom homes decreased by 16.1%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 17362, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 17362 in March 2024, down by 28.6% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
Days on Market for 17362, PA
How long does it take to sell a home in 17362, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 44 Days | -3.0% |
Summary: Homes in 17362 had an average of 44 days on market in Mar 2024, down by 3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 17362 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in 17362; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
