Is 19606, 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, 19606 has remained a Seller's Market.
Key Takeaway
19606 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19606, PA
How much do homes in 19606, PA cost?
Median Sold Price
$258,225
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 19606 have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in 19606 was $258,225 in April 2024, up 9.2% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $140K | +7.7% |
| 2 Bedrooms | $145K | $202.5K | +39.7% |
| 3 Bedrooms | $220K | $241K | +9.5% |
| 4 Bedrooms | $354.2K | $350.5K | -1.0% |
| 5+ Bedrooms | $274.9K | $362K | +31.7% |
Summary: 19606 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 39.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 31.7%.
Housing Supply in 19606, PA
How many homes are available in 19606, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 107 | 99 | -7.5% |
Summary: The 19606 real estate market had 99 homes for sale in April 2024, a 7.5% decrease 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 | 14 | 14 | 0.0% |
| 3 Bedrooms | 48 | 43 | -10.4% |
| 4 Bedrooms | 37 | 36 | -2.7% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The 19606 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 remained the same, 3 bedroom homes decreased by 10.4%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 30 | -14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19606, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in 19606 in April 2024, down by 14.3% month-over-month. Of the 30 sold homes, 17% were sold under asking, 23% were sold at asking, and 60% were sold over asking.
Days on Market for 19606, PA
How long does it take to sell a home in 19606, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 11 Days | -12.5% |
Summary: Homes in 19606 had an average of 11 days on market in Apr 2024, down by 12.5% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19606 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 30 homes were sold in 19606; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
