Is 18078, 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, 18078 has remained a Seller's Market.
Key Takeaway
18078 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 18078, PA
How much do homes in 18078, PA cost?
Median Sold Price
$585,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 18078 have sold for 30% more than they did a year ago.
Summary: The median home sold price in 18078 was $585,000 in March 2024, up 30% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76K | $125K | +64.5% |
| 2 Bedrooms | $262.5K | $297K | +13.1% |
| 3 Bedrooms | $338K | $357.5K | +5.8% |
| 4 Bedrooms | $512.5K | $600.8K | +17.2% |
| 5+ Bedrooms | $676K | $725K | +7.2% |
Summary: 18078 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.5%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Zip Codes
| 18078 | $450K | $585K | +30.0% |
| 18069 | $390K | $447K | +14.6% |
| 18037 | $275.2K | $289.9K | +5.3% |
| 18080 | $255.5K | $255.2K | -0.1% |
Housing Supply in 18078, PA
How many homes are available in 18078, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Summary: The 18078 real estate market had 17 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 18078 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 decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 18078, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 18078 in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.
Days on Market for 18078, PA
How long does it take to sell a home in 18078, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 81 Days | 9 Days | -89.0% |
Summary: Homes in 18078 had an average of 9 days on market in Mar 2024, down by 89% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 18078 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in 18078; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
