Is 19342, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 19342 was a Buyer's Market.
Key Takeaway
19342 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19342, PA
How much do homes in 19342, PA cost?
Median Sold Price
$615,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 19342 have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in 19342 was $615,000 in March 2024, up 2.3% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184K | $156.5K | -14.9% |
| 2 Bedrooms | $319.9K | $350K | +9.4% |
| 3 Bedrooms | $521K | $545K | +4.6% |
| 4 Bedrooms | $668.5K | $790K | +18.2% |
| 5+ Bedrooms | $718K | $832.5K | +15.9% |
Summary: 19342 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.9%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 15.9%.
Housing Supply in 19342, PA
How many homes are available in 19342, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 53 | 71 | +34.0% |
Summary: The 19342 real estate market had 71 homes for sale in March 2024, a 34.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 10 | 18 | +80.0% |
| 4 Bedrooms | 20 | 26 | +30.0% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The 19342 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 13 | +160.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19342, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 19342 in March 2024, up by 160.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 0% were sold at asking, and 77% were sold over asking.
Days on Market for 19342, PA
How long does it take to sell a home in 19342, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 6 Days | 32 Days | +371.7% |
Summary: Homes in 19342 had an average of 32 days on market in Mar 2024, up by 371.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19342 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in 19342; 77% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
