Is 18042, 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, 18042 has remained a Seller's Market.
Key Takeaway
18042 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 18042, PA
How much do homes in 18042, PA cost?
Median Sold Price
$233,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 18042 have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in 18042 was $233,000 in March 2024, up 11.5% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $320K | -14.7% |
| 2 Bedrooms | $192.5K | $189K | -1.8% |
| 3 Bedrooms | $200.6K | $228.7K | +14.0% |
| 4 Bedrooms | $224K | $250K | +11.6% |
| 5+ Bedrooms | $273K | $315K | +15.4% |
Summary: 18042 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.7%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 15.4%.
Housing Supply in 18042, PA
How many homes are available in 18042, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 90 | 76 | -15.6% |
Summary: The 18042 real estate market had 76 homes for sale in March 2024, a 15.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 15 | 7 | -53.3% |
| 3 Bedrooms | 35 | 31 | -11.4% |
| 4 Bedrooms | 22 | 18 | -18.2% |
| 5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The 18042 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 53.3%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 18042, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 18042 in March 2024, the same as the previous month. Of the 21 sold homes, 48% were sold under asking, 10% were sold at asking, and 43% were sold over asking.
Days on Market for 18042, PA
How long does it take to sell a home in 18042, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 11 Days | 15 Days | +33.5% |
Summary: Homes in 18042 had an average of 15 days on market in Mar 2024, up by 33.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 18042 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 21 homes were sold in 18042; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
