Is 19143, 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, 19143 was a Seller's Market.
Key Takeaway
19143 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 19143, PA
How much do homes in 19143, PA cost?
Median Sold Price
$166,666
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 19143 have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in 19143 was $166,666 in May 2024, down 1.8% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $210K | N/A |
| 2 Bedrooms | $155K | $93.5K | -39.7% |
| 3 Bedrooms | $150K | $145.1K | -3.3% |
| 4 Bedrooms | $224K | $217.5K | -2.9% |
| 5+ Bedrooms | $530.5K | $500K | -5.7% |
Summary: 19143 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 39.7%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 5.7%.
Housing Supply in 19143, PA
How many homes are available in 19143, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 315 | 354 | +12.4% |
Summary: The 19143 real estate market had 354 homes for sale in May 2024, a 12.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 17 | 16 | -5.9% |
| 3 Bedrooms | 197 | 211 | +7.1% |
| 4 Bedrooms | 71 | 84 | +18.3% |
| 5+ Bedrooms | 28 | 40 | +42.9% |
Summary: The 19143 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 56 | +43.6% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19143, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 56 homes were sold or pending in 19143 in May 2024, up by 43.6% month-over-month. Of the 56 sold homes, 29% were sold under asking, 50% were sold at asking, and 21% were sold over asking.
Days on Market for 19143, PA
How long does it take to sell a home in 19143, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 54 Days | +7.4% |
Summary: Homes in 19143 had an average of 54 days on market in May 2024, up by 7.4% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19143 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 56 homes were sold in 19143; 46% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
