Is 17551, 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, 17551 has remained a Buyer's Market.
Key Takeaway
17551 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 17551, PA
How much do homes in 17551, PA cost?
Median Sold Price
$333,750
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 17551 have sold for 17.1% more than they did a year ago.
Summary: The median home sold price in 17551 was $333,750 in March 2024, up 17.1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $364.5K | $163.5K | -55.1% |
| 2 Bedrooms | $237.5K | $257.5K | +8.4% |
| 3 Bedrooms | $285K | $310K | +8.8% |
| 4 Bedrooms | $320K | $425K | +32.8% |
| 5+ Bedrooms | $480K | $410K | -14.6% |
Summary: 17551 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.1%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 32.8%, and 5+ bedroom homes decreased by 14.6%.
Median Sold Price Compared To Nearby Zip Codes
| 17551 | $284.9K | $333.7K | +17.1% |
| 17603 | $250K | $266.4K | +6.6% |
Housing Supply in 17551, PA
How many homes are available in 17551, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 38 | 38 | 0.0% |
Summary: The 17551 real estate market had 38 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 23 | 25 | +8.7% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 17551 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 8.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 17551, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 17551 in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 17551, PA
How long does it take to sell a home in 17551, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 10 Days | 39 Days | +277.1% |
Summary: Homes in 17551 had an average of 39 days on market in Mar 2024, up by 277.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 17551 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in 17551; 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.
