Is 18049, 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, 18049 has remained a Seller's Market.
Key Takeaway
18049 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 18049, PA
How much do homes in 18049, PA cost?
Median Sold Price
$357,500
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 18049 have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in 18049 was $357,500 in March 2024, up 3.6% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | $156K | -54.1% |
| 2 Bedrooms | $385K | $312K | -19.0% |
| 3 Bedrooms | $308.7K | $325K | +5.3% |
| 4 Bedrooms | $434K | $395.5K | -8.9% |
| 5+ Bedrooms | $358.8K | $709.5K | +97.7% |
Summary: 18049 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.1%, 2 bedroom homes decreased by 19%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes increased by 97.7%.
Housing Supply in 18049, PA
How many homes are available in 18049, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 56 | 58 | +3.6% |
Summary: The 18049 real estate market had 58 homes for sale in March 2024, a 3.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 24 | 24 | 0.0% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 18049 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 increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 18049, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 18049 in March 2024, down by 7.7% month-over-month. Of the 12 sold homes, 8% were sold under asking, 25% were sold at asking, and 67% were sold over asking.
Days on Market for 18049, PA
How long does it take to sell a home in 18049, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 25 Days | 8 Days | -68.2% |
Summary: Homes in 18049 had an average of 8 days on market in Mar 2024, down by 68.2% compared to last year.
Breakdown of Home Sale Times
11 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 18049 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in 18049; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
