Is 17408, 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, 17408 has remained a Seller's Market.
Key Takeaway
17408 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 17408, PA
How much do homes in 17408, PA cost?
Median Sold Price
$270,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 17408 have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in 17408 was $270,000 in March 2024, up 10.2% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $117.5K | - | N/A |
| 2 Bedrooms | $170K | $194.5K | +14.4% |
| 3 Bedrooms | $239.9K | $265K | +10.5% |
| 4 Bedrooms | $342.7K | $355K | +3.6% |
| 5+ Bedrooms | $366.7K | $380K | +3.6% |
Summary: 17408 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 14.4%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 3.6%.
Housing Supply in 17408, PA
How many homes are available in 17408, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 90 | 89 | -1.1% |
Summary: The 17408 real estate market had 89 homes for sale in March 2024, a 1.1% 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 | 7 | 10 | +42.9% |
| 3 Bedrooms | 47 | 46 | -2.1% |
| 4 Bedrooms | 29 | 28 | -3.4% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 17408 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 42.9%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 17408, you could pay more than the asking price. 38.9% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 17408 in March 2024, up by 20.0% month-over-month. Of the 18 sold homes, 28% were sold under asking, 33% were sold at asking, and 39% were sold over asking.
Days on Market for 17408, PA
How long does it take to sell a home in 17408, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 25 Days | 17 Days | -32.9% |
Summary: Homes in 17408 had an average of 17 days on market in Mar 2024, down by 32.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 17408 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in 17408; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
