Is 19120, 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, 19120 was a Seller's Market.
Key Takeaway
19120 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 19120, PA
How much do homes in 19120, PA cost?
Median Sold Price
$175,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 19120 have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in 19120 was $175,000 in May 2024, up 2.9% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $335K | +318.8% |
| 2 Bedrooms | $139.4K | $140K | 0.4% |
| 3 Bedrooms | $170K | $170K | 0.0% |
| 4 Bedrooms | $222.5K | $202.5K | -9.0% |
| 5+ Bedrooms | $180K | $237.6K | +32.0% |
Summary: 19120 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 318.8%, 2 bedroom homes increased by 0.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 9%, and 5+ bedroom homes increased by 32%.
Housing Supply in 19120, PA
How many homes are available in 19120, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 171 | 186 | +8.8% |
Summary: The 19120 real estate market had 186 homes for sale in May 2024, a 8.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 140 | 150 | +7.1% |
| 4 Bedrooms | 18 | 24 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 19120 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 8.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 27 | -15.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19120, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 19120 in May 2024, down by 15.6% month-over-month. Of the 27 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 19120, PA
How long does it take to sell a home in 19120, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 60 Days | 31 Days | -48.2% |
Summary: Homes in 19120 had an average of 31 days on market in May 2024, down by 48.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 19120 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 27 homes were sold in 19120; 67% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
