Is 19111, 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, 19111 has remained a Seller's Market.
Key Takeaway
19111 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19111, PA
How much do homes in 19111, PA cost?
Median Sold Price
$284,133
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 19111 have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in 19111 was $284,133 in April 2024, up 5.2% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $221K | $261.7K | +18.4% |
| 2 Bedrooms | $259.9K | $284.5K | +9.5% |
| 3 Bedrooms | $270K | $275K | +1.9% |
| 4 Bedrooms | $330K | $329K | -0.3% |
| 5+ Bedrooms | $340K | $292.5K | -14.0% |
Summary: 19111 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.4%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 14%.
Housing Supply in 19111, PA
How many homes are available in 19111, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 114 | 133 | +16.7% |
Summary: The 19111 real estate market had 133 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 88 | 100 | +13.6% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 19111 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 26 | -21.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19111, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 19111 in April 2024, down by 21.2% month-over-month. Of the 26 sold homes, 46% were sold under asking, 19% were sold at asking, and 35% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 50 Days | +76.5% |
Summary: Homes in 19111 had an average of 50 days on market in Apr 2024, up by 76.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19111 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 26 homes were sold in 19111; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
