Is 17516, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 17516 has remained a Seller's Market.
Key Takeaway
17516 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 17516, PA
How much do homes in 17516, PA cost?
Median Sold Price
$345,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 17516 have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in 17516 was $345,000 in April 2024, up 6.2% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $350K | N/A |
| 2 Bedrooms | $262.5K | $240K | -8.6% |
| 3 Bedrooms | $280K | $331K | +18.2% |
| 4 Bedrooms | $374.2K | $450K | +20.3% |
| 5+ Bedrooms | $782.5K | $1.3M | +78.3% |
Summary: 17516 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 78.3%.
Housing Supply in 17516, PA
How many homes are available in 17516, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Summary: The 17516 real estate market had 11 homes for sale in April 2024, a 10.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 17516 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 17516, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in 17516 in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for 17516, PA
How long does it take to sell a home in 17516, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 4 Days | -50.0% |
Summary: Homes in 17516 had an average of 4 days on market in Apr 2024, down by 50% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 17516 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in 17516; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
