Is 15201, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 15201 was a Seller's Market.
Key Takeaway
15201 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 15201, PA
How much do homes in 15201, PA cost?
Median Sold Price
$369,900
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 15201 have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in 15201 was $369,900 in May 2024, up 6.4% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $382.3K | $274.5K | -28.2% |
| 2 Bedrooms | $264.9K | $265K | 0.0% |
| 3 Bedrooms | $385K | $410K | +6.5% |
| 4 Bedrooms | $425K | $525.5K | +23.6% |
| 5+ Bedrooms | $413K | $500K | +21.1% |
Summary: 15201 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes increased by 21.1%.
Housing Supply in 15201, PA
How many homes are available in 15201, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 113 | 117 | +3.5% |
Summary: The 15201 real estate market had 117 homes for sale in May 2024, a 3.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 11 | +10.0% |
| 2 Bedrooms | 28 | 32 | +14.3% |
| 3 Bedrooms | 50 | 49 | -2.0% |
| 4 Bedrooms | 25 | 25 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 15201 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 15 | -40.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 15201, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 15201 in May 2024, down by 40.0% month-over-month. Of the 15 sold homes, 47% were sold under asking, 13% were sold at asking, and 40% were sold over asking.
Days on Market for 15201, PA
How long does it take to sell a home in 15201, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 60 Days | 68 Days | +12.4% |
Summary: Homes in 15201 had an average of 68 days on market in May 2024, up by 12.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 15201 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in 15201; 60% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
