Is 17601, 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, 17601 was a Seller's Market.
Key Takeaway
17601 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 17601, PA
How much do homes in 17601, PA cost?
Median Sold Price
$375,474
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 17601 have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in 17601 was $375,474 in May 2024, up 7.3% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $189K | -3.1% |
| 2 Bedrooms | $248.9K | $270K | +8.5% |
| 3 Bedrooms | $315K | $350K | +11.1% |
| 4 Bedrooms | $462.3K | $475.7K | +2.9% |
| 5+ Bedrooms | $650K | $571K | -12.2% |
Summary: 17601 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 12.2%.
Housing Supply in 17601, PA
How many homes are available in 17601, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 130 | 159 | +22.3% |
Summary: The 17601 real estate market had 159 homes for sale in May 2024, a 22.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 55 | 66 | +20.0% |
| 4 Bedrooms | 55 | 73 | +32.7% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The 17601 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 20%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 32.7%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 17601, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in 17601 in May 2024, down by 7.4% month-over-month. Of the 25 sold homes, 16% were sold under asking, 24% were sold at asking, and 60% were sold over asking.
Days on Market for 17601, PA
How long does it take to sell a home in 17601, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 14 Days | -36.8% |
Summary: Homes in 17601 had an average of 14 days on market in May 2024, down by 36.8% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 17601 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 25 homes were sold in 17601; 92% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
