Is 19056, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 19056 has remained a Seller's Market.
Key Takeaway
19056 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19056, PA
How much do homes in 19056, PA cost?
Median Sold Price
$399,500
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 19056 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 19056 was $399,500 in April 2024, up 6.5% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $320K | - | N/A |
| 3 Bedrooms | $341K | $376K | +10.3% |
| 4 Bedrooms | $370K | $380K | +2.7% |
| 5+ Bedrooms | $455.9K | $475K | +4.2% |
Summary: 19056 housing prices by bedroom type for April 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 10.3%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 4.2%.
Housing Supply in 19056, PA
How many homes are available in 19056, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 23 | +35.3% |
Summary: The 19056 real estate market had 23 homes for sale in April 2024, a 35.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 10 | 16 | +60.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 19056 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19056, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 19056 in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 19056, PA
How long does it take to sell a home in 19056, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 19 Days | +54.5% |
Summary: Homes in 19056 had an average of 19 days on market in Apr 2024, up by 54.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19056 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in 19056; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
