Is 15042, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15042 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 15042 has remained a Seller's Market.

Key Takeaway

15042 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 15042, PA

How much do homes in 15042, PA cost?

Median Sold Price

$279,950

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$29,950(+12.0%)

Key Takeaway

Homes in 15042 have sold for 12% more than they did a year ago.

Summary: The median home sold price in 15042 was $279,950 in November 2024, up 12% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $69.9K-
N/A
2 $226.2K$197K
-12.9%
3 $245K$307.5K
+25.5%
4 $387.5K$240K
-38.1%
5+ $241.2K$122.5K
-49.2%

Summary: 15042 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.9%, 3 bedroom homes increased by 25.5%, 4 bedroom homes decreased by 38.1%, and 5+ bedroom homes decreased by 49.2%.

Median Sold Price Compared To Nearby Zip Codes

15005
+66.7%
15042
+12.0%
16066
+3.7%
15074
+1.5%

Housing Supply in 15042, PA

How many homes are available in 15042, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2826-7.1%

Summary: The 15042 real estate market had 26 homes for sale in November 2024, a 7.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 2019
-5.0%
4 22
0.0%
5+ 00
0.0%

Summary: The 15042 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
59+80.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15042, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 15042 in November 2024, up by 80.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.

Days on Market for 15042, PA

How long does it take to sell a home in 15042, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
30 Days53 Days+76.7%

Summary: Homes in 15042 had an average of 53 days on market in Nov 2024, up by 76.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 15042 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 9 homes were sold in 15042; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 15042, PA

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