Is 19041, 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, 19041 has remained a Seller's Market.
Key Takeaway
19041 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19041, PA
How much do homes in 19041, PA cost?
Median Sold Price
$932,000
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 19041 have sold for 16.2% more than they did a year ago.
Summary: The median home sold price in 19041 was $932,000 in March 2024, up 16.2% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $240K | +6.7% |
| 2 Bedrooms | $793.9K | $622K | -21.7% |
| 3 Bedrooms | $650K | $850K | +30.8% |
| 4 Bedrooms | $854.4K | $1.0M | +19.4% |
| 5+ Bedrooms | $1.7M | $2.2M | +28.3% |
Summary: 19041 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes decreased by 21.7%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 28.3%.
Housing Supply in 19041, PA
How many homes are available in 19041, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 51 | +8.5% |
Summary: The 19041 real estate market had 51 homes for sale in March 2024, a 8.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 20 | 17 | -15.0% |
Summary: The 19041 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 8.3%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 15%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 10 | +233.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19041, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 19041 in March 2024, up by 233.3% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 19041, PA
How long does it take to sell a home in 19041, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 56 Days | +106.1% |
Summary: Homes in 19041 had an average of 56 days on market in Mar 2024, up by 106.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19041 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in 19041; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
