Is 19122, 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, 19122 has remained a Buyer's Market.
Key Takeaway
19122 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 19122, PA
How much do homes in 19122, PA cost?
Median Sold Price
$360,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 19122 have sold for 9.4% less than they did a year ago.
Summary: The median home sold price in 19122 was $360,000 in March 2024, down 9.4% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $305K | +35.6% |
| 2 Bedrooms | $310K | $295.7K | -4.6% |
| 3 Bedrooms | $452.5K | $460K | +1.7% |
| 4 Bedrooms | $385K | $385K | 0.0% |
| 5+ Bedrooms | $330K | $252.5K | -23.5% |
Summary: 19122 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.6%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 1.7%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 23.5%.
Housing Supply in 19122, PA
How many homes are available in 19122, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 336 | 360 | +7.1% |
Summary: The 19122 real estate market had 360 homes for sale in March 2024, a 7.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 93 | 100 | +7.5% |
| 3 Bedrooms | 145 | 158 | +9.0% |
| 4 Bedrooms | 69 | 74 | +7.2% |
| 5+ Bedrooms | 23 | 20 | -13.0% |
Summary: The 19122 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 13%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 18 | +80.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 19122, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 19122 in March 2024, up by 80.0% month-over-month. Of the 18 sold homes, 78% were sold under asking, 17% were sold at asking, and 6% were sold over asking.
Days on Market for 19122, PA
How long does it take to sell a home in 19122, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 79 Days | +124.1% |
Summary: Homes in 19122 had an average of 79 days on market in Mar 2024, up by 124.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 19122 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 18 homes were sold in 19122; 33% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.
