Is 15071, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15071 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 15071 has remained a Seller's Market.

Key Takeaway

15071 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 15071, PA

How much do homes in 15071, PA cost?

Median Sold Price

$326,101

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,101(+5.2%)

Key Takeaway

Homes in 15071 have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in 15071 was $326,101 in October 2024, up 5.2% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $200K$195K
-2.5%
3 $268.3K$269.5K
0.4%
4 $440K$502.5K
+14.2%
5+ $569.2K$537K
-5.7%

Summary: 15071 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes decreased by 5.7%.

Median Sold Price Compared To Nearby Zip Codes

15057
+7.2%
15106
+6.6%
15071
+5.2%

Housing Supply in 15071, PA

How many homes are available in 15071, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5250-3.8%

Summary: The 15071 real estate market had 50 homes for sale in October 2024, a 3.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 2321
-8.7%
4 2323
0.0%
5+ 23
+50.0%

Summary: The 15071 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
611+83.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15071, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 15071 in October 2024, up by 83.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 45% were sold at asking, and 9% were sold over asking.

Days on Market for 15071, PA

How long does it take to sell a home in 15071, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days34 Days+69.1%

Summary: Homes in 15071 had an average of 34 days on market in Oct 2024, up by 69.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 15071 has remained consistent over time.

Summary: During October 2024, 11 homes were sold in 15071; 45% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in 15071, PA

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