Is 15224, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 15224 has remained a Seller's Market.
Housing Prices in 15224, PA
How much do homes in 15224, PA cost?
Median Sold Price
$295,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 15224 was $295,000 in May 2024, up 2.2% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $223.7K | $280K | +25.1% |
2 Bedrooms | $244.5K | $225K | -8.0% |
3 Bedrooms | $305K | $297.4K | -2.5% |
4 Bedrooms | $335K | $360K | +7.5% |
5+ Bedrooms | $520K | $520K | 0.0% |
Summary: 15224 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.1%, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes did not change.
Housing Supply in 15224, PA
How many homes are available in 15224, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 56 | +5.7% |
Summary: The 15224 real estate market had 56 homes for sale in May 2024, a 5.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 18 | 17 | -5.6% |
3 Bedrooms | 17 | 24 | +41.2% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The 15224 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 41.2%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 15224 in May 2024, up by 30.0% month-over-month. Of the 13 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% were sold over asking.
Days on Market for 15224, PA
How long does it take to sell a home in 15224, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
62 Days | 32 Days | -48.1% |
Summary: Homes in 15224 had an average of 32 days on market in May 2024, down by 48.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in 15224; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.