Is 19061, 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, 19061 has remained a Seller's Market.
Key Takeaway
19061 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19061, PA
How much do homes in 19061, PA cost?
Median Sold Price
$290,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 19061 have sold for 20.8% more than they did a year ago.
Summary: The median home sold price in 19061 was $290,000 in March 2024, up 20.8% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $212.5K | $250K | +17.6% |
| 3 Bedrooms | $200K | $235K | +17.5% |
| 4 Bedrooms | $350K | $389.9K | +11.4% |
| 5+ Bedrooms | $247.5K | $500K | +102.0% |
Summary: 19061 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 102%.
Housing Supply in 19061, PA
How many homes are available in 19061, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 78 | 83 | +6.4% |
Summary: The 19061 real estate market had 83 homes for sale in March 2024, a 6.4% 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 | 39 | 41 | +5.1% |
| 4 Bedrooms | 24 | 26 | +8.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 19061 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 5.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 18 | +50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19061, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 19061 in March 2024, up by 50.0% month-over-month. Of the 18 sold homes, 39% were sold under asking, 11% were sold at asking, and 50% were sold over asking.
Days on Market for 19061, PA
How long does it take to sell a home in 19061, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 17 Days | -42.9% |
Summary: Homes in 19061 had an average of 17 days on market in Mar 2024, down by 42.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 19061 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in 19061; 89% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
