Is 19148, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 19148 has remained a Seller's Market.
Key Takeaway
19148 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19148, PA
How much do homes in 19148, PA cost?
Median Sold Price
$280,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 19148 have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in 19148 was $280,000 in April 2024, down 3.4% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259K | $247.5K | -4.4% |
| 2 Bedrooms | $260K | $262.5K | +1.0% |
| 3 Bedrooms | $307.7K | $277.6K | -9.8% |
| 4 Bedrooms | $390K | $455.7K | +16.9% |
| 5+ Bedrooms | $397K | $399.9K | +0.8% |
Summary: 19148 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes increased by 1%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 0.8%.
Housing Supply in 19148, PA
How many homes are available in 19148, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 276 | 295 | +6.9% |
Summary: The 19148 real estate market had 295 homes for sale in April 2024, a 6.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 0 | -100.0% |
| 2 Bedrooms | 87 | 102 | +17.2% |
| 3 Bedrooms | 157 | 164 | +4.5% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 19148 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 71 | 51 | -28.2% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19148, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in 19148 in April 2024, down by 28.2% month-over-month. Of the 51 sold homes, 71% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for 19148, PA
How long does it take to sell a home in 19148, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 56 Days | 61 Days | +8.2% |
Summary: Homes in 19148 had an average of 61 days on market in Apr 2024, up by 8.2% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19148 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 51 homes were sold in 19148; 61% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
