Is 18055, 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, 18055 has remained a Seller's Market.
Key Takeaway
18055 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 18055, PA
How much do homes in 18055, PA cost?
Median Sold Price
$354,900
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 18055 have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in 18055 was $354,900 in April 2024, up 15.6% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $174.9K | - | N/A |
| 2 Bedrooms | $222.5K | $277.3K | +24.6% |
| 3 Bedrooms | $292.9K | $318.5K | +8.7% |
| 4 Bedrooms | $524.9K | $626K | +19.3% |
| 5+ Bedrooms | $620K | $832.5K | +34.3% |
Summary: 18055 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 increased by 24.6%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 34.3%.
Housing Supply in 18055, PA
How many homes are available in 18055, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 34 | -2.9% |
Summary: The 18055 real estate market had 34 homes for sale in April 2024, a 2.9% decrease 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 | 6 | 8 | +33.3% |
| 3 Bedrooms | 19 | 16 | -15.8% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 18055 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 33.3%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
0 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 18055, you could pay more than the asking price. 81.8% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 18055 in April 2024, up by 37.5% month-over-month. Of the 11 sold homes, 0% were sold under asking, 18% were sold at asking, and 82% were sold over asking.
Days on Market for 18055, PA
How long does it take to sell a home in 18055, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 10 Days | -11.7% |
Summary: Homes in 18055 had an average of 10 days on market in Apr 2024, down by 11.7% compared to last year.
Breakdown of Home Sale Times
9 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 18055 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in 18055; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
