Is 16844, 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, 16844 has remained a Seller's Market.
Key Takeaway
16844 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16844, PA
How much do homes in 16844, PA cost?
Median Sold Price
$190,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 16844 have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in 16844 was $190,000 in May 2024, up 17.6% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160K | $150.8K | -5.8% |
| 3 Bedrooms | $180.5K | $225K | +24.7% |
| 4 Bedrooms | $249.5K | $419.5K | +68.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: 16844 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 24.7%, 4 bedroom homes increased by 68.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 16866 | $139.9K | $171K | +22.2% |
| 16870 | $380K | $454.9K | +19.7% |
| 16844 | $161.6K | $190K | +17.6% |
| 16823 | $294.5K | $299.1K | +1.6% |
Housing Supply in 16844, PA
How many homes are available in 16844, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The 16844 real estate market had 5 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 16844 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16844, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 16844 in May 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 16844, PA
How long does it take to sell a home in 16844, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 5 Days | -86.5% |
Summary: Homes in 16844 had an average of 5 days on market in May 2024, down by 86.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 16844 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in 16844; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
