Is 18032, 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, 18032 has remained a Seller's Market.
Key Takeaway
18032 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 18032, PA
How much do homes in 18032, PA cost?
Median Sold Price
$255,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 18032 have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in 18032 was $255,000 in April 2024, up 13.3% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $113K | N/A |
| 2 Bedrooms | $191K | $160K | -16.2% |
| 3 Bedrooms | $210K | $230K | +9.5% |
| 4 Bedrooms | $329.5K | $490K | +48.7% |
| 5+ Bedrooms | $255K | $291K | +14.1% |
Summary: 18032 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.2%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 48.7%, and 5+ bedroom homes increased by 14.1%.
Housing Supply in 18032, PA
How many homes are available in 18032, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 25 | -24.2% |
Summary: The 18032 real estate market had 25 homes for sale in April 2024, a 24.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 15 | 12 | -20.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 18032 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 18032, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 18032 in April 2024, down by 18.2% month-over-month. Of the 9 sold homes, 11% were sold under asking, 22% were sold at asking, and 67% were sold over asking.
Days on Market for 18032, PA
How long does it take to sell a home in 18032, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 16 Days | +7.6% |
Summary: Homes in 18032 had an average of 16 days on market in Apr 2024, up by 7.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 18032 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in 18032; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
