Is 18051, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 18051 was a Neutral Market.
Key Takeaway
18051 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 18051, PA
How much do homes in 18051, PA cost?
Median Sold Price
$636,615
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 18051 have sold for 21.3% more than they did a year ago.
Summary: The median home sold price in 18051 was $636,615 in March 2024, up 21.3% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $205K | $218.5K | +6.6% |
| 3 Bedrooms | $375K | $316.2K | -15.7% |
| 4 Bedrooms | $607.5K | $669.7K | +10.2% |
| 5+ Bedrooms | $720K | $685.8K | -4.7% |
Summary: 18051 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 increased by 6.6%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Zip Codes
| 18051 | $525K | $636.6K | +21.3% |
| 18106 | $337.5K | $400K | +18.5% |
| 18069 | $390K | $447K | +14.6% |
| 18031 | $439K | $454.9K | +3.6% |
Housing Supply in 18051, PA
How many homes are available in 18051, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Summary: The 18051 real estate market had 16 homes for sale in March 2024, a 45.5% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 4 | +100.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 18051 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 18051, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 18051 in March 2024, up by 500.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for 18051, PA
How long does it take to sell a home in 18051, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 29 Days | -38.6% |
Summary: Homes in 18051 had an average of 29 days on market in Mar 2024, down by 38.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 18051 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in 18051; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
