Is 19027, 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, 19027 was a Neutral Market.
Key Takeaway
19027 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19027, PA
How much do homes in 19027, PA cost?
Median Sold Price
$359,500
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 19027 have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in 19027 was $359,500 in March 2024, up 5.8% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $109.5K | $115K | +5.0% |
| 2 Bedrooms | $231.4K | $233.5K | +0.9% |
| 3 Bedrooms | $332K | $362.5K | +9.2% |
| 4 Bedrooms | $419.9K | $459.8K | +9.5% |
| 5+ Bedrooms | $520K | $509.5K | -2.0% |
Summary: 19027 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 2%.
Housing Supply in 19027, PA
How many homes are available in 19027, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 84 | 82 | -2.4% |
Summary: The 19027 real estate market had 82 homes for sale in March 2024, a 2.4% decrease 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 | 16 | 15 | -6.3% |
| 3 Bedrooms | 36 | 33 | -8.3% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The 19027 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 decreased by 6.3%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19027, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 19027 in March 2024, up by 30.8% month-over-month. Of the 17 sold homes, 47% were sold under asking, 29% were sold at asking, and 24% were sold over asking.
Days on Market for 19027, PA
How long does it take to sell a home in 19027, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 33 Days | +52.6% |
Summary: Homes in 19027 had an average of 33 days on market in Mar 2024, up by 52.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19027 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in 19027; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
