Is 17603, 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, 17603 has remained a Seller's Market.
Key Takeaway
17603 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 17603, PA
How much do homes in 17603, PA cost?
Median Sold Price
$266,446
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 17603 have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in 17603 was $266,446 in March 2024, up 6.6% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $145K | -19.4% |
| 2 Bedrooms | $208.5K | $215K | +3.1% |
| 3 Bedrooms | $245K | $250.7K | +2.3% |
| 4 Bedrooms | $290K | $330.2K | +13.9% |
| 5+ Bedrooms | $367.4K | $385K | +4.8% |
Summary: 17603 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.4%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 4.8%.
Housing Supply in 17603, PA
How many homes are available in 17603, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 262 | 251 | -4.2% |
Summary: The 17603 real estate market had 251 homes for sale in March 2024, a 4.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 52 | 45 | -13.5% |
| 3 Bedrooms | 113 | 109 | -3.5% |
| 4 Bedrooms | 73 | 73 | 0.0% |
| 5+ Bedrooms | 24 | 23 | -4.2% |
Summary: The 17603 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 13.5%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 4.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 51 | -5.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 17603, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.
Summary: A total of 51 homes were sold or pending in 17603 in March 2024, down by 5.6% month-over-month. Of the 51 sold homes, 22% were sold under asking, 25% were sold at asking, and 53% were sold over asking.
Days on Market for 17603, PA
How long does it take to sell a home in 17603, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 17 Days | 11 Days | -34.6% |
Summary: Homes in 17603 had an average of 11 days on market in Mar 2024, down by 34.6% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 17603 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 51 homes were sold in 17603; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
