Is 15227, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 15227 has remained a Seller's Market.
Key Takeaway
15227 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 15227, PA
How much do homes in 15227, PA cost?
Median Sold Price
$187,500
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 15227 have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in 15227 was $187,500 in April 2024, up 6.1% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92K | - | N/A |
| 2 Bedrooms | $150K | $155K | +3.3% |
| 3 Bedrooms | $184.5K | $195K | +5.7% |
| 4 Bedrooms | $216.5K | $226.5K | +4.6% |
| 5+ Bedrooms | $325K | $235K | -27.7% |
Summary: 15227 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 27.7%.
Housing Supply in 15227, PA
How many homes are available in 15227, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 84 | 99 | +17.9% |
Summary: The 15227 real estate market had 99 homes for sale in April 2024, a 17.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 52 | 64 | +23.1% |
| 4 Bedrooms | 21 | 19 | -9.5% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 15227 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 23.1%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 21 | -22.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 15227, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 15227 in April 2024, down by 22.2% month-over-month. Of the 21 sold homes, 52% were sold under asking, 24% were sold at asking, and 24% were sold over asking.
Days on Market for 15227, PA
How long does it take to sell a home in 15227, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 57 Days | +229.1% |
Summary: Homes in 15227 had an average of 57 days on market in Apr 2024, up by 229.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 15227 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in 15227; 43% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.