Is 18031, 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, 18031 has remained a Seller's Market.
Key Takeaway
18031 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 18031, PA
How much do homes in 18031, PA cost?
Median Sold Price
$454,990
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 18031 have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in 18031 was $454,990 in March 2024, up 3.6% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $267.5K | $459.9K | +72.0% |
| 3 Bedrooms | $380K | $418.7K | +10.2% |
| 4 Bedrooms | $530K | $583.7K | +10.1% |
| 5+ Bedrooms | $755K | $708.5K | -6.2% |
Summary: 18031 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 72%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 6.2%.
Median Sold Price Compared To Nearby Zip Codes
| 18051 | $525K | $636.6K | +21.3% |
| 18106 | $337.5K | $400K | +18.5% |
| 18031 | $439K | $454.9K | +3.6% |
Housing Supply in 18031, PA
How many homes are available in 18031, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 43 | 0.0% |
Summary: The 18031 real estate market had 43 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 16 | -11.1% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 18031 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 decreased by 11.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 18031, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 18031 in March 2024, up by 14.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 18031, PA
How long does it take to sell a home in 18031, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 94 Days | 53 Days | -42.9% |
Summary: Homes in 18031 had an average of 53 days on market in Mar 2024, down by 42.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 18031 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in 18031; 63% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
