Is 18938, 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, 18938 has remained a Buyer's Market.
Key Takeaway
18938 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 18938, PA
How much do homes in 18938, PA cost?
Median Sold Price
$840,000
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 18938 have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in 18938 was $840,000 in March 2024, up 7.4% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $302.5K | $314K | +3.8% |
| 2 Bedrooms | $428K | $518K | +21.0% |
| 3 Bedrooms | $662.5K | $690K | +4.2% |
| 4 Bedrooms | $867.5K | $1.0M | +19.9% |
| 5+ Bedrooms | $1.9M | $1.5M | -18.2% |
Summary: 18938 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes decreased by 18.2%.
Median Sold Price Compared To Nearby Zip Codes
| 18938 | $782.1K | $840K | +7.4% |
| 18902 | $720K | $675K | -6.3% |
Housing Supply in 18938, PA
How many homes are available in 18938, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 101 | 114 | +12.9% |
Summary: The 18938 real estate market had 114 homes for sale in March 2024, a 12.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 39 | 45 | +15.4% |
| 5+ Bedrooms | 27 | 30 | +11.1% |
Summary: The 18938 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 increased by 18.2%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 14 | +100.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 18938, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 18938 in March 2024, up by 100.0% month-over-month. Of the 14 sold homes, 79% were sold under asking, 0% were sold at asking, and 21% were sold over asking.
Days on Market for 18938, PA
How long does it take to sell a home in 18938, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 33 Days | -40.5% |
Summary: Homes in 18938 had an average of 33 days on market in Mar 2024, down by 40.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 18938 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in 18938; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
