Is 18045, 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, 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
$368,716
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 18045 have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in 18045 was $368,716 in March 2024, up 8.5% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $326.5K | $286.5K | -12.3% |
| 3 Bedrooms | $301K | $337.5K | +12.1% |
| 4 Bedrooms | $466.5K | $480K | +2.9% |
| 5+ Bedrooms | $515K | $520K | +1.0% |
Summary: 18045 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 decreased by 12.3%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 1%.
Housing Supply in 18045, PA
How many homes are available in 18045, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 76 | 60 | -21.1% |
Summary: The 18045 real estate market had 60 homes for sale in March 2024, a 21.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 3 | -66.7% |
| 3 Bedrooms | 32 | 28 | -12.5% |
| 4 Bedrooms | 22 | 20 | -9.1% |
| 5+ Bedrooms | 13 | 9 | -30.8% |
Summary: The 18045 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 66.7%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 30.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 18 | -18.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 18045, you could pay more than the asking price. 61.1% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 18045 in March 2024, down by 18.2% month-over-month. Of the 18 sold homes, 22% were sold under asking, 17% were sold at asking, and 61% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 17 Days | -42.1% |
Summary: Homes in 18045 had an average of 17 days on market in Mar 2024, down by 42.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 18045 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in 18045; 94% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
