Is 19609, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19609 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 19609 has remained a Seller's Market.

Key Takeaway

19609 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19609, PA

How much do homes in 19609, PA cost?

Median Sold Price

$264,500

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$14,500(+5.8%)

Key Takeaway

Homes in 19609 have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in 19609 was $264,500 in February 2024, up 5.8% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $192.9K$227.2K
+17.8%
3 $245K$260K
+6.1%
4 $301.5K$312.4K
+3.6%
5+ $387.6K$335K
-13.6%

Summary: 19609 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 13.6%.

Median Sold Price Compared To Nearby Zip Codes

19609
+5.8%
19610
+5.7%
19608
+1.0%

Housing Supply in 19609, PA

How many homes are available in 19609, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2528+12.0%

Summary: The 19609 real estate market had 28 homes for sale in February 2024, a 12.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1519
+26.7%
4 87
-12.5%
5+ 00
0.0%

Summary: The 19609 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 26.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19609, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in 19609 in February 2024, up by 14.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.

Days on Market for 19609, PA

How long does it take to sell a home in 19609, PA?

Average Sale Time

Feb 2023Feb 2024CHANGE
37 Days13 Days-63.0%

Summary: Homes in 19609 had an average of 13 days on market in Feb 2024, down by 63% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19609 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 8 homes were sold in 19609; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 19609, PA

Nearby Markets to 19609, PA