Is 18045, 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, 18045 has remained a Seller's Market.
Key Takeaway
18045 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 18045, PA
How much do homes in 18045, PA cost?
Median Sold Price
$371,500
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 18045 have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in 18045 was $371,500 in April 2024, up 9.3% 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 | - | - | N/A |
| 2 Bedrooms | $332.6K | $285K | -14.3% |
| 3 Bedrooms | $301K | $343K | +14.0% |
| 4 Bedrooms | $470K | $480K | +2.1% |
| 5+ Bedrooms | $515K | $510K | -1.0% |
Summary: 18045 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 14.3%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 1%.
Housing Supply in 18045, PA
How many homes are available in 18045, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 78 | 100 | +28.2% |
Summary: The 18045 real estate market had 100 homes for sale in April 2024, a 28.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 14 | +180.0% |
| 3 Bedrooms | 36 | 34 | -5.6% |
| 4 Bedrooms | 24 | 34 | +41.7% |
| 5+ Bedrooms | 13 | 18 | +38.5% |
Summary: The 18045 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 180%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 38.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 27 | +35.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 18045, you could pay more than the asking price. 51.9% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in 18045 in April 2024, up by 35.0% month-over-month. Of the 27 sold homes, 15% were sold under asking, 33% were sold at asking, and 52% were sold over asking.
Days on Market for 18045, PA
How long does it take to sell a home in 18045, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 12 Days | -55.3% |
Summary: Homes in 18045 had an average of 12 days on market in Apr 2024, down by 55.3% compared to last year.
Breakdown of Home Sale Times
24 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 18045 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 27 homes were sold in 18045; 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.
