Is 18020, 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, 18020 has remained a Seller's Market.
Key Takeaway
18020 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 18020, PA
How much do homes in 18020, PA cost?
Median Sold Price
$430,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 18020 have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in 18020 was $430,000 in April 2024, up 10.3% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $185K | -39.3% |
| 2 Bedrooms | $253.7K | $258K | +1.7% |
| 3 Bedrooms | $332K | $365K | +9.9% |
| 4 Bedrooms | $485K | $532.5K | +9.8% |
| 5+ Bedrooms | $545.2K | $615K | +12.8% |
Summary: 18020 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.3%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 12.8%.
Housing Supply in 18020, PA
How many homes are available in 18020, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 59 | 52 | -11.9% |
Summary: The 18020 real estate market had 52 homes for sale in April 2024, a 11.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 21 | 20 | -4.8% |
| 4 Bedrooms | 21 | 16 | -23.8% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 18020 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 23.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 18020, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 18020 in April 2024, up by 10.5% month-over-month. Of the 21 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for 18020, PA
How long does it take to sell a home in 18020, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 9 Days | -67.4% |
Summary: Homes in 18020 had an average of 9 days on market in Apr 2024, down by 67.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 18020 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in 18020; 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.
