Is 19002, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 19002 was a Seller's Market.
Key Takeaway
19002 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 19002, PA
How much do homes in 19002, PA cost?
Median Sold Price
$647,925
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 19002 have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in 19002 was $647,925 in March 2024, up 10.8% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $202K | +15.4% |
| 2 Bedrooms | $314.9K | $355K | +12.7% |
| 3 Bedrooms | $488K | $508K | +4.1% |
| 4 Bedrooms | $700K | $750K | +7.1% |
| 5+ Bedrooms | $962K | $1.1M | +24.2% |
Summary: 19002 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 24.2%.
Median Sold Price Compared To Nearby Zip Codes
| 19002 | $585K | $647.9K | +10.8% |
| 19422 | $569.9K | $625K | +9.7% |
Housing Supply in 19002, PA
How many homes are available in 19002, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 164 | 164 | 0.0% |
Summary: The 19002 real estate market had 164 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 65 | 67 | +3.1% |
| 4 Bedrooms | 58 | 56 | -3.4% |
| 5+ Bedrooms | 32 | 35 | +9.4% |
Summary: The 19002 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 9.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19002, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 19002 in March 2024, up by 5.3% month-over-month. Of the 20 sold homes, 25% were sold under asking, 5% were sold at asking, and 70% were sold over asking.
Days on Market for 19002, PA
How long does it take to sell a home in 19002, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 30 Days | -18.8% |
Summary: Homes in 19002 had an average of 30 days on market in Mar 2024, down by 18.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19002 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in 19002; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
