Is 19053, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19053 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 19053 has remained a Seller's Market.

Key Takeaway

19053 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19053, PA

How much do homes in 19053, PA cost?

Median Sold Price

$439,950

$241/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$14,950(+3.5%)

Key Takeaway

Homes in 19053 have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in 19053 was $439,950 in February 2024, up 3.5% from last year, and the median price per square foot was $241.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$310K
N/A
2 $360K$360K
0.0%
3 $380.7K$410K
+7.7%
4 $509K$525K
+3.1%
5+ $552.7K$522.5K
-5.5%

Summary: 19053 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 5.5%.

Median Sold Price Compared To Nearby Zip Codes

18966
+8.7%
19020
+6.3%
19047
+5.4%
19053
+3.5%
19116
-2.7%

Housing Supply in 19053, PA

How many homes are available in 19053, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6260-3.2%

Summary: The 19053 real estate market had 60 homes for sale in February 2024, a 3.2% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 108
-20.0%
3 2422
-8.3%
4 1922
+15.8%
5+ 98
-11.1%

Summary: The 19053 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 decreased by 20%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1513-13.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19053, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in 19053 in February 2024, down by 13.3% month-over-month. Of the 13 sold homes, 15% were sold under asking, 31% were sold at asking, and 54% were sold over asking.

Days on Market for 19053, PA

How long does it take to sell a home in 19053, PA?

Average Sale Time

Feb 2023Feb 2024CHANGE
36 Days24 Days-32.3%

Summary: Homes in 19053 had an average of 24 days on market in Feb 2024, down by 32.3% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19053 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 13 homes were sold in 19053; 69% of homes were sold within 30 days, 31% 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 19053, PA

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