Is 19131, 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, 19131 has remained a Buyer's Market.
Key Takeaway
19131 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 19131, PA
How much do homes in 19131, PA cost?
Median Sold Price
$169,950
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 19131 have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in 19131 was $169,950 in March 2024, up 1.5% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135.5K | $147.5K | +8.9% |
| 2 Bedrooms | $130K | $150K | +15.4% |
| 3 Bedrooms | $185K | $154.5K | -16.5% |
| 4 Bedrooms | $186.2K | $244.9K | +31.5% |
| 5+ Bedrooms | $320K | $345K | +7.8% |
Summary: 19131 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 16.5%, 4 bedroom homes increased by 31.5%, and 5+ bedroom homes increased by 7.8%.
Housing Supply in 19131, PA
How many homes are available in 19131, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 310 | 317 | +2.3% |
Summary: The 19131 real estate market had 317 homes for sale in March 2024, a 2.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 26 | 27 | +3.8% |
| 3 Bedrooms | 189 | 191 | +1.1% |
| 4 Bedrooms | 71 | 76 | +7.0% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The 19131 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19131, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 19131 in March 2024, up by 26.7% month-over-month. Of the 19 sold homes, 58% were sold under asking, 11% were sold at asking, and 32% were sold over asking.
Days on Market for 19131, PA
How long does it take to sell a home in 19131, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 111 Days | +140.0% |
Summary: Homes in 19131 had an average of 111 days on market in Mar 2024, up by 140% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 19131 has remained consistent over time.
Summary: During March 2024, 19 homes were sold in 19131; 32% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
