Is 19422, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 19422 was a Seller's Market.
Key Takeaway
19422 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 19422, PA
How much do homes in 19422, PA cost?
Median Sold Price
$636,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 19422 have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in 19422 was $636,000 in April 2024, up 14.3% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $251.4K | $200K | -20.5% |
| 2 Bedrooms | $322.5K | $340K | +5.4% |
| 3 Bedrooms | $480K | $611K | +27.3% |
| 4 Bedrooms | $692.5K | $722.5K | +4.3% |
| 5+ Bedrooms | $985K | $855K | -13.2% |
Summary: 19422 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.5%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 13.2%.
Housing Supply in 19422, PA
How many homes are available in 19422, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 42 | 53 | +26.2% |
Summary: The 19422 real estate market had 53 homes for sale in April 2024, a 26.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 9 | 15 | +66.7% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 19422 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19422, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 19422 in April 2024, down by 41.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for 19422, PA
How long does it take to sell a home in 19422, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 12 Days | -24.4% |
Summary: Homes in 19422 had an average of 12 days on market in Apr 2024, down by 24.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19422 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in 19422; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
