Is 19054, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19054 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 19054 has remained a Seller's Market.

Key Takeaway

19054 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19054, PA

How much do homes in 19054, PA cost?

Median Sold Price

$357,500

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$15,050(+4.4%)

Key Takeaway

Homes in 19054 have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in 19054 was $357,500 in February 2024, up 4.4% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $305K$297K
-2.6%
3 $320K$330K
+3.1%
4 $366.5K$402.4K
+9.8%
5+ $501K$520K
+3.8%

Summary: 19054 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 decreased by 2.6%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 3.8%.

Median Sold Price Compared To Nearby Zip Codes

19055
+7.6%
19007
+7.6%
19067
+7.1%
19054
+4.4%
19030
+2.6%

Housing Supply in 19054, PA

How many homes are available in 19054, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3337+12.1%

Summary: The 19054 real estate market had 37 homes for sale in February 2024, a 12.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1316
+23.1%
4 1717
0.0%
5+ 22
0.0%

Summary: The 19054 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 100%, 3 bedroom homes increased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
69+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19054, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in 19054 in February 2024, up by 50.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 44% were sold at asking, and 44% were sold over asking.

Days on Market for 19054, PA

How long does it take to sell a home in 19054, PA?

Average Sale Time

Feb 2023Feb 2024CHANGE
45 Days11 Days-75.7%

Summary: Homes in 19054 had an average of 11 days on market in Feb 2024, down by 75.7% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19054 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 9 homes were sold in 19054; 89% of homes were sold within 30 days, 11% 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 28 Days Ago

Newest Listings in 19054, PA

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