Is 15074, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15074 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 15074 was a Seller's Market.

Key Takeaway

15074 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 15074, PA

How much do homes in 15074, PA cost?

Median Sold Price

$137,599

$98/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$2,099(+1.5%)

Key Takeaway

Homes in 15074 have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in 15074 was $137,599 in November 2024, up 1.5% from last year, and the median price per square foot was $98.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $108K-
N/A
2 $115.7K$88.7K
-23.3%
3 $142.9K$144.5K
+1.1%
4 $175K$165K
-5.7%
5+ $151K$23K
-84.8%

Summary: 15074 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 23.3%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 84.8%.

Median Sold Price Compared To Nearby Zip Codes

15042
+12.0%
15061
+6.1%
16066
+3.7%
15074
+1.5%
15066
-6.6%

Housing Supply in 15074, PA

How many homes are available in 15074, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2932+10.3%

Summary: The 15074 real estate market had 32 homes for sale in November 2024, a 10.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 1923
+21.1%
4 64
-33.3%
5+ 00
0.0%

Summary: The 15074 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 increased by 25%, 3 bedroom homes increased by 21.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15074, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 15074 in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for 15074, PA

How long does it take to sell a home in 15074, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
90 Days58 Days-35.8%

Summary: Homes in 15074 had an average of 58 days on market in Nov 2024, down by 35.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 15074 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in 15074; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 15074, PA

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