Is 19116, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 19116 was a Seller's Market.
Housing Prices in 19116, PA
How much do homes in 19116, PA cost?
Median Sold Price
$365,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 19116 was $365,000 in February 2024, down 2.7% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155.5K | $170K | +9.3% |
2 Bedrooms | $308.7K | $250K | -19.0% |
3 Bedrooms | $375K | $367.5K | -2.0% |
4 Bedrooms | $432.5K | $424K | -2.0% |
5+ Bedrooms | $432.5K | $355K | -17.9% |
Summary: 19116 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes decreased by 19%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 17.9%.
Housing Supply in 19116, PA
How many homes are available in 19116, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
98 | 100 | +2.0% |
Summary: The 19116 real estate market had 100 homes for sale in February 2024, a 2.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 16 | 19 | +18.8% |
3 Bedrooms | 47 | 41 | -12.8% |
4 Bedrooms | 28 | 31 | +10.7% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 19116 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 18.8%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
12 | 10 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 19116 in February 2024, down by 16.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 19116, PA
How long does it take to sell a home in 19116, PA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
28 Days | 24 Days | -12.9% |
Summary: Homes in 19116 had an average of 24 days on market in Feb 2024, down by 12.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 10 homes were sold in 19116; 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.