Is 19540, 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, 19540 was a Buyer's Market.
Key Takeaway
19540 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19540, PA
How much do homes in 19540, PA cost?
Median Sold Price
$377,450
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 19540 have sold for 42.4% more than they did a year ago.
Summary: The median home sold price in 19540 was $377,450 in March 2024, up 42.4% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $176.2K | $165K | -6.4% |
| 3 Bedrooms | $246K | $335K | +36.2% |
| 4 Bedrooms | $302.5K | $420K | +38.8% |
| 5+ Bedrooms | $425K | $566K | +33.2% |
Summary: 19540 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 36.2%, 4 bedroom homes increased by 38.8%, and 5+ bedroom homes increased by 33.2%.
Housing Supply in 19540, PA
How many homes are available in 19540, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 38 | 41 | +7.9% |
Summary: The 19540 real estate market had 41 homes for sale in March 2024, a 7.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 19540 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19540, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 19540 in March 2024, up by 150.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% were sold over asking.
Days on Market for 19540, PA
How long does it take to sell a home in 19540, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 8 Days | 47 Days | +496.3% |
Summary: Homes in 19540 had an average of 47 days on market in Mar 2024, up by 496.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19540 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in 19540; 60% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
