Is 18218, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 18218 has remained a Seller's Market.
Key Takeaway
18218 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 18218, PA
How much do homes in 18218, PA cost?
Median Sold Price
$65,000
$51/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 18218 have sold for 7.1% less than they did a month ago.
Summary: The median home sold price in 18218 was $65,000 in April 2024, down 7.1% from last month, and the median price per square foot was $51.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $60K | $65K | +8.3% |
| 3 Bedrooms | $70K | $65K | -7.1% |
| 4 Bedrooms | $199.9K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 18218 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 18218, PA
How many homes are available in 18218, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Summary: The 18218 real estate market had 16 homes for sale in April 2024, a 15.8% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 18218 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 decreased by 25%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 18218, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 18218 in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for 18218, PA
How long does it take to sell a home in 18218, PA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 101 Days | 17 Days | -82.7% |
Summary: Homes in 18218 had an average of 17 days on market in Apr 2024, down by 82.7% compared to last month.
Breakdown of Home Sale Times
3 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 18218 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in 18218; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
