Is 18104, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 18104 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 18104 has remained a Seller's Market.

Key Takeaway

18104 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 18104, PA

How much do homes in 18104, PA cost?

Median Sold Price

$336,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$15,666(+4.9%)

Key Takeaway

Homes in 18104 have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in 18104 was $336,000 in February 2024, up 4.9% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $130K-
N/A
2 $251K$283.2K
+12.8%
3 $291K$315K
+8.2%
4 $401K$400K
-0.2%
5+ $405K$433K
+6.9%

Summary: 18104 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 6.9%.

Median Sold Price Compared To Nearby Zip Codes

18106
+14.1%
18103
+11.3%
18102
+8.8%
18052
+5.0%
18104
+4.9%

Housing Supply in 18104, PA

How many homes are available in 18104, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
12595-24.0%

Summary: The 18104 real estate market had 95 homes for sale in February 2024, a 24.0% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 77
0.0%
3 6742
-37.3%
4 3329
-12.1%
5+ 1817
-5.6%

Summary: The 18104 housing inventory by bedroom type for February 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 37.3%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 5.6%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3725-32.4%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 18104, you may be able to get a good deal. 44% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 18104 in February 2024, down by 32.4% month-over-month. Of the 25 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.

Days on Market for 18104, PA

How long does it take to sell a home in 18104, PA?

Average Sale Time

Feb 2023Feb 2024CHANGE
37 Days22 Days-39.8%

Summary: Homes in 18104 had an average of 22 days on market in Feb 2024, down by 39.8% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 18104 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 25 homes were sold in 18104; 76% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in 18104, PA

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