Is 19348, 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, 19348 has remained a Seller's Market.
Key Takeaway
19348 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19348, PA
How much do homes in 19348, PA cost?
Median Sold Price
$600,250
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 19348 have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in 19348 was $600,250 in April 2024, up 7.2% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325K | $330K | +1.5% |
| 3 Bedrooms | $455K | $512.4K | +12.6% |
| 4 Bedrooms | $650K | $710K | +9.2% |
| 5+ Bedrooms | $1.0M | $972.1K | -9.6% |
Summary: 19348 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes decreased by 9.6%.
Median Sold Price Compared To Nearby Zip Codes
| 19317 | $575.5K | $647.5K | +12.5% |
| 19348 | $560K | $600.2K | +7.2% |
Housing Supply in 19348, PA
How many homes are available in 19348, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 60 | 71 | +18.3% |
Summary: The 19348 real estate market had 71 homes for sale in April 2024, a 18.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 7 | -36.4% |
| 3 Bedrooms | 25 | 29 | +16.0% |
| 4 Bedrooms | 17 | 26 | +52.9% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 19348 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 36.4%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 52.9%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 15 | -31.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19348, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in 19348 in April 2024, down by 31.8% month-over-month. Of the 15 sold homes, 27% were sold under asking, 20% were sold at asking, and 53% were sold over asking.
Days on Market for 19348, PA
How long does it take to sell a home in 19348, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 12 Days | -70.5% |
Summary: Homes in 19348 had an average of 12 days on market in Apr 2024, down by 70.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 19348 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in 19348; 93% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
