Is 18040, 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, 18040 has remained a Seller's Market.
Housing Prices in 18040, PA
How much do homes in 18040, PA cost?
Median Sold Price
$429,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 18040 was $429,000 in March 2024, up 14.4% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $367.2K | $162.5K | -55.7% |
2 Bedrooms | $242.4K | $250K | +3.1% |
3 Bedrooms | $340K | $400K | +17.6% |
4 Bedrooms | $485.4K | $551.8K | +13.7% |
5+ Bedrooms | $557.4K | $510K | -8.5% |
Summary: 18040 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.7%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Zip Codes
18040 | $375K | $429K | +14.4% |
18045 | $339.9K | $368.7K | +8.5% |
18085 | $499.9K | $405K | -19.0% |
Housing Supply in 18040, PA
How many homes are available in 18040, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
73 | 79 | +8.2% |
Summary: The 18040 real estate market had 79 homes for sale in March 2024, a 8.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 28 | 26 | -7.1% |
4 Bedrooms | 24 | 30 | +25.0% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The 18040 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 20 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 18040 in March 2024, the same as the previous month. Of the 20 sold homes, 20% were sold under asking, 35% were sold at asking, and 45% were sold over asking.
Days on Market for 18040, PA
How long does it take to sell a home in 18040, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 18 Days | -33.6% |
Summary: Homes in 18040 had an average of 18 days on market in Mar 2024, down by 33.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in 18040; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.