Is 18229, 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, 18229 has remained a Seller's Market.
Key Takeaway
18229 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 18229, PA
How much do homes in 18229, PA cost?
Median Sold Price
$276,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 18229 have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in 18229 was $276,000 in March 2024, up 13.5% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136.2K | - | N/A |
| 2 Bedrooms | $210K | $142.5K | -32.1% |
| 3 Bedrooms | $243.1K | $276K | +13.5% |
| 4 Bedrooms | $292K | $340K | +16.4% |
| 5+ Bedrooms | $210K | $385K | +83.3% |
Summary: 18229 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 decreased by 32.1%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 83.3%.
Housing Supply in 18229, PA
How many homes are available in 18229, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 29 | -19.4% |
Summary: The 18229 real estate market had 29 homes for sale in March 2024, a 19.4% decrease 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 | 6 | 5 | -16.7% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 18229 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 decreased by 16.7%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 18229, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in 18229 in March 2024, up by 22.2% month-over-month. Of the 11 sold homes, 27% were sold under asking, 36% were sold at asking, and 36% were sold over asking.
Days on Market for 18229, PA
How long does it take to sell a home in 18229, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 60 Days | 21 Days | -65.4% |
Summary: Homes in 18229 had an average of 21 days on market in Mar 2024, down by 65.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 18229 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in 18229; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
