Is 18901, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 18901 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 18901 was a Neutral Market.

Key Takeaway

18901 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 18901, PA

How much do homes in 18901, PA cost?

Median Sold Price

$600,000

$264/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$55,000(+10.1%)

Key Takeaway

Homes in 18901 have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in 18901 was $600,000 in February 2024, up 10.1% from last year, and the median price per square foot was $264.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $209.5K$250.3K
+19.5%
2 $326.2K$392.5K
+20.3%
3 $475K$520K
+9.5%
4 $710K$776K
+9.3%
5+ $711.2K$847.5K
+19.2%

Summary: 18901 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.5%, 2 bedroom homes increased by 20.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 19.2%.

Median Sold Price Compared To Nearby Zip Codes

18976
+10.7%
18901
+10.1%
18914
+8.9%
18902
-6.0%

Housing Supply in 18901, PA

How many homes are available in 18901, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
106119+12.3%

Summary: The 18901 real estate market had 119 homes for sale in February 2024, a 12.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 1214
+16.7%
3 5256
+7.7%
4 2933
+13.8%
5+ 1315
+15.4%

Summary: The 18901 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 15.4%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1311-15.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 18901, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 18901 in February 2024, down by 15.4% month-over-month. Of the 11 sold homes, 55% were sold under asking, 0% were sold at asking, and 45% were sold over asking.

Days on Market for 18901, PA

How long does it take to sell a home in 18901, PA?

Average Sale Time

Feb 2023Feb 2024CHANGE
6 Days32 Days+430.8%

Summary: Homes in 18901 had an average of 32 days on market in Feb 2024, up by 430.8% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 18901 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 11 homes were sold in 18901; 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.

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 18901, PA

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