Is 19602, 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, 19602 has remained a Seller's Market.
Key Takeaway
19602 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19602, PA
How much do homes in 19602, PA cost?
Median Sold Price
$120,000
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 19602 have sold for 29.7% more than they did a year ago.
Summary: The median home sold price in 19602 was $120,000 in April 2024, up 29.7% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57K | $54K | -5.3% |
| 2 Bedrooms | $67.4K | $79.9K | +18.5% |
| 3 Bedrooms | $85K | $104K | +22.4% |
| 4 Bedrooms | $90K | $142K | +57.8% |
| 5+ Bedrooms | $135K | $160K | +18.5% |
Summary: 19602 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.3%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 57.8%, and 5+ bedroom homes increased by 18.5%.
Housing Supply in 19602, PA
How many homes are available in 19602, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 45 | +4.7% |
Summary: The 19602 real estate market had 45 homes for sale in April 2024, a 4.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 19602 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 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 18 | +200.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19602, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 19602 in April 2024, up by 200.0% month-over-month. Of the 18 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for 19602, PA
How long does it take to sell a home in 19602, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 39 Days | +43.0% |
Summary: Homes in 19602 had an average of 39 days on market in Apr 2024, up by 43% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 19602 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 18 homes were sold in 19602; 67% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
