Is 19607, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 19607 has remained a Seller's Market.
Key Takeaway
19607 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19607, PA
How much do homes in 19607, PA cost?
Median Sold Price
$235,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 19607 have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in 19607 was $235,000 in March 2024, up 9.3% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $131K | $137K | +4.6% |
| 2 Bedrooms | $175K | $200K | +14.3% |
| 3 Bedrooms | $215K | $240K | +11.6% |
| 4 Bedrooms | $242.5K | $283K | +16.7% |
| 5+ Bedrooms | $424.9K | $312.4K | -26.5% |
Summary: 19607 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 26.5%.
Housing Supply in 19607, PA
How many homes are available in 19607, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 76 | 77 | +1.3% |
Summary: The 19607 real estate market had 77 homes for sale in March 2024, a 1.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 42 | 45 | +7.1% |
| 4 Bedrooms | 16 | 11 | -31.3% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 19607 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 22 | +46.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19607, you could pay more than the asking price. 59.1% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in 19607 in March 2024, up by 46.7% month-over-month. Of the 22 sold homes, 14% were sold under asking, 27% were sold at asking, and 59% were sold over asking.
Days on Market for 19607, PA
How long does it take to sell a home in 19607, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 19 Days | 11 Days | -41.2% |
Summary: Homes in 19607 had an average of 11 days on market in Mar 2024, down by 41.2% compared to last year.
Breakdown of Home Sale Times
21 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 19607 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 22 homes were sold in 19607; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
