Is 19608, 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, 19608 has remained a Seller's Market.
Key Takeaway
19608 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19608, PA
How much do homes in 19608, PA cost?
Median Sold Price
$370,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 19608 have sold for 8.6% less than they did a year ago.
Summary: The median home sold price in 19608 was $370,000 in March 2024, down 8.6% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $277.8K | $220K | -20.8% |
| 3 Bedrooms | $279K | $297.1K | +6.5% |
| 4 Bedrooms | $450K | $440K | -2.2% |
| 5+ Bedrooms | $520K | $559.9K | +7.7% |
Summary: 19608 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 20.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 7.7%.
Housing Supply in 19608, PA
How many homes are available in 19608, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 69 | 65 | -5.8% |
Summary: The 19608 real estate market had 65 homes for sale in March 2024, a 5.8% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 26 | 22 | -15.4% |
| 4 Bedrooms | 31 | 32 | +3.2% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 19608 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 remained the same, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19608, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 19608 in March 2024, up by 12.5% month-over-month. Of the 18 sold homes, 17% were sold under asking, 39% were sold at asking, and 44% were sold over asking.
Days on Market for 19608, PA
How long does it take to sell a home in 19608, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 6 Days | 24 Days | +308.6% |
Summary: Homes in 19608 had an average of 24 days on market in Mar 2024, up by 308.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19608 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in 19608; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
