Is 19122, 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, 19122 was a Seller's Market.
Housing Prices in 19122, PA
How much do homes in 19122, PA cost?
Median Sold Price
$365,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 19122 was $365,000 in May 2024, down 5.2% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $306K | +36.0% |
2 Bedrooms | $310K | $290K | -6.5% |
3 Bedrooms | $440K | $455K | +3.4% |
4 Bedrooms | $405K | $375.9K | -7.2% |
5+ Bedrooms | $302.5K | $252.5K | -16.5% |
Summary: 19122 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes decreased by 16.5%.
Housing Supply in 19122, PA
How many homes are available in 19122, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
133 | 141 | +6.0% |
Summary: The 19122 real estate market had 141 homes for sale in May 2024, a 6.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 35 | 42 | +20.0% |
3 Bedrooms | 51 | 50 | -2.0% |
4 Bedrooms | 38 | 39 | +2.6% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 19122 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 increased by 20%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 12 | -7.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 19122 in May 2024, down by 7.7% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.
Days on Market for 19122, PA
How long does it take to sell a home in 19122, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
44 Days | 29 Days | -33.5% |
Summary: Homes in 19122 had an average of 29 days on market in May 2024, down by 33.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in 19122; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.