Is 18976, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 18976 is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, 18976 has remained a Seller's Market.

Key Takeaway

18976 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 18976, PA

How much do homes in 18976, PA cost?

Median Sold Price

$525,333

$262/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$34,333(+7.0%)

Key Takeaway

Homes in 18976 have sold for 7% more than they did a year ago.

Summary: The median home sold price in 18976 was $525,333 in June 2024, up 7% from last year, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 -$325K
N/A
2 $425K$390.5K
-8.1%
3 $480.5K$505K
+5.1%
4 $600K$669.3K
+11.6%
5+ $700K$631K
-9.9%

Summary: 18976 housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 9.9%.

Median Sold Price Compared To Nearby Zip Codes

19044
+9.6%
18976
+7.0%
18914
+6.5%
18929
+4.8%
18901
+3.5%

Housing Supply in 18976, PA

How many homes are available in 18976, PA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
7376+4.1%

Summary: The 18976 real estate market had 76 homes for sale in June 2024, a 4.1% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 11
0.0%
2 2016
-20.0%
3 2429
+20.8%
4 2325
+8.7%
5+ 55
0.0%

Summary: The 18976 housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
2126+23.8%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 18976, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in 18976 in June 2024, up by 23.8% month-over-month. Of the 26 sold homes, 19% were sold under asking, 19% were sold at asking, and 62% were sold over asking.

Days on Market for 18976, PA

How long does it take to sell a home in 18976, PA?

Average Sale Time

Jun 2023Jun 2024CHANGE
17 Days7 Days-59.0%

Summary: Homes in 18976 had an average of 7 days on market in Jun 2024, down by 59% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 18976 are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 26 homes were sold in 18976; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% 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 13 Days Ago

Newest Listings in 18976, PA

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