Is 19018, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19018 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 19018 was a Seller's Market.

Key Takeaway

19018 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 19018, PA

How much do homes in 19018, PA cost?

Median Sold Price

$243,333

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$13,333(+5.8%)

Key Takeaway

Homes in 19018 have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in 19018 was $243,333 in February 2024, up 5.8% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $98.5K$129K
+31.0%
2 $195K$169.2K
-13.2%
3 $225K$240K
+6.7%
4 $316K$310K
-1.9%
5+ $310K$370K
+19.4%

Summary: 19018 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31%, 2 bedroom homes decreased by 13.2%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 19.4%.

Median Sold Price Compared To Nearby Zip Codes

19026
+15.3%
19023
+12.3%
19018
+5.8%
19036
+4.7%
19043
+0.6%

Housing Supply in 19018, PA

How many homes are available in 19018, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
86100+16.3%

Summary: The 19018 real estate market had 100 homes for sale in February 2024, a 16.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 1416
+14.3%
3 5061
+22.0%
4 1616
0.0%
5+ 45
+25.0%

Summary: The 19018 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 22%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1413-7.1%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19018, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 19018 in February 2024, down by 7.1% month-over-month. Of the 13 sold homes, 54% were sold under asking, 8% were sold at asking, and 38% were sold over asking.

Days on Market for 19018, PA

How long does it take to sell a home in 19018, PA?

Average Sale Time

Feb 2023Feb 2024CHANGE
28 Days20 Days-27.0%

Summary: Homes in 19018 had an average of 20 days on market in Feb 2024, down by 27% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19018 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 13 homes were sold in 19018; 62% of homes were sold within 30 days, 38% 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 27 Days Ago

Newest Listings in 19018, PA

Nearby Markets to 19018, PA