Is 19119, 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, 19119 has remained a Buyer's Market.
Key Takeaway
19119 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 19119, PA
How much do homes in 19119, PA cost?
Median Sold Price
$395,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 19119 have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in 19119 was $395,000 in March 2024, up 5.1% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $209K | +60.8% |
| 2 Bedrooms | $360K | $127.5K | -64.6% |
| 3 Bedrooms | $265.4K | $315K | +18.7% |
| 4 Bedrooms | $535.5K | $510K | -4.8% |
| 5+ Bedrooms | $635K | $638.7K | +0.6% |
Summary: 19119 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60.8%, 2 bedroom homes decreased by 64.6%, 3 bedroom homes increased by 18.7%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 0.6%.
Housing Supply in 19119, PA
How many homes are available in 19119, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 176 | 184 | +4.5% |
Summary: The 19119 real estate market had 184 homes for sale in March 2024, a 4.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 98 | 96 | -2.0% |
| 4 Bedrooms | 28 | 34 | +21.4% |
| 5+ Bedrooms | 43 | 47 | +9.3% |
Summary: The 19119 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 9.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19119, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 19119 in March 2024, down by 5.6% month-over-month. Of the 17 sold homes, 53% were sold under asking, 18% were sold at asking, and 29% were sold over asking.
Days on Market for 19119, PA
How long does it take to sell a home in 19119, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 57 Days | 29 Days | -49.3% |
Summary: Homes in 19119 had an average of 29 days on market in Mar 2024, down by 49.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 19119 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in 19119; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
