Is 19121, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19121 is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, 19121 has remained a Buyer's Market.

Key Takeaway

19121 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 19121, PA

How much do homes in 19121, PA cost?

Median Sold Price

$228,500

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$26,000(-10.2%)

Key Takeaway

Homes in 19121 have sold for 10.2% less than they did a year ago.

Summary: The median home sold price in 19121 was $228,500 in February 2024, down 10.2% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $289.9K$249.9K
-13.8%
3 $228.5K$200K
-12.5%
4 $335K$302.5K
-9.7%
5+ $205K$232.5K
+13.4%

Summary: 19121 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.8%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 13.4%.

Median Sold Price Compared To Nearby Zip Codes

19131
0.0%
19130
-1.5%
19122
-6.7%
19132
-8.3%
19121
-10.2%

Housing Supply in 19121, PA

How many homes are available in 19121, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
669701+4.8%

Summary: The 19121 real estate market had 701 homes for sale in February 2024, a 4.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 33
0.0%
2 98104
+6.1%
3 304314
+3.3%
4 150160
+6.7%
5+ 114120
+5.3%

Summary: The 19121 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 5.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1915-21.1%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19121, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 19121 in February 2024, down by 21.1% month-over-month. Of the 15 sold homes, 73% were sold under asking, 20% were sold at asking, and 7% were sold over asking.

Days on Market for 19121, PA

How long does it take to sell a home in 19121, PA?

Average Sale Time

Feb 2023Feb 2024CHANGE
145 Days68 Days-52.9%

Summary: Homes in 19121 had an average of 68 days on market in Feb 2024, down by 52.9% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19121 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 15 homes were sold in 19121; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in 19121, PA

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