Is 19111, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 19111 was a Seller's Market.
Key Takeaway
19111 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 19111, PA
How much do homes in 19111, PA cost?
Median Sold Price
$280,500
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 19111 have sold for 3% more than they did a year ago.
Summary: The median home sold price in 19111 was $280,500 in March 2024, up 3% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $221K | $261.7K | +18.4% |
| 2 Bedrooms | $265K | $269.9K | +1.9% |
| 3 Bedrooms | $270K | $275K | +1.9% |
| 4 Bedrooms | $330K | $329K | -0.3% |
| 5+ Bedrooms | $320K | $292.5K | -8.6% |
Summary: 19111 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.4%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 8.6%.
Housing Supply in 19111, PA
How many homes are available in 19111, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 229 | 237 | +3.5% |
Summary: The 19111 real estate market had 237 homes for sale in March 2024, a 3.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 172 | 182 | +5.8% |
| 4 Bedrooms | 35 | 32 | -8.6% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The 19111 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 28 | +55.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19111, you may be able to get a good deal. 35.7% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 19111 in March 2024, up by 55.6% month-over-month. Of the 28 sold homes, 36% were sold under asking, 29% were sold at asking, and 36% were sold over asking.
Days on Market for 19111, PA
How long does it take to sell a home in 19111, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 20 Days | -49.3% |
Summary: Homes in 19111 had an average of 20 days on market in Mar 2024, down by 49.3% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 19111 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 28 homes were sold in 19111; 89% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
