Is 17602, 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, 17602 has remained a Neutral Market.
Key Takeaway
17602 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 17602, PA
How much do homes in 17602, PA cost?
Median Sold Price
$265,466
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 17602 have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in 17602 was $265,466 in March 2024, up 2.9% 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 | $600K | $237.5K | -60.4% |
| 2 Bedrooms | $195K | $222.5K | +14.1% |
| 3 Bedrooms | $256.5K | $265K | +3.3% |
| 4 Bedrooms | $325K | $320K | -1.5% |
| 5+ Bedrooms | $274.9K | $260K | -5.4% |
Summary: 17602 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.4%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Zip Codes
| 17584 | $305K | $325K | +6.6% |
| 17602 | $258K | $265.4K | +2.9% |
Housing Supply in 17602, PA
How many homes are available in 17602, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 172 | 176 | +2.3% |
Summary: The 17602 real estate market had 176 homes for sale in March 2024, a 2.3% 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 | 20 | 23 | +15.0% |
| 3 Bedrooms | 77 | 82 | +6.5% |
| 4 Bedrooms | 52 | 49 | -5.8% |
| 5+ Bedrooms | 23 | 22 | -4.3% |
Summary: The 17602 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 15%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 4.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 28 | +12.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 17602, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 17602 in March 2024, up by 12.0% month-over-month. Of the 28 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.
Days on Market for 17602, PA
How long does it take to sell a home in 17602, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 21 Days | 29 Days | +36.7% |
Summary: Homes in 17602 had an average of 29 days on market in Mar 2024, up by 36.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 17602 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 28 homes were sold in 17602; 61% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
