$3,206 Closing Credit*
$270,000
3 Beds
•1 Full Bath
Kelly Robinson, Listing Office: Re/Max Select Realty
Is 15116, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 15116 has remained a Seller's Market.
Key Takeaway
15116 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 15116, PA
How much do homes in 15116, PA cost?
Median Sold Price
$295,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,250(+9.4%)
Key Takeaway
Homes in 15116 have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in 15116 was $295,000 in October 2024, up 9.4% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116.7K | - | N/A |
| 2 Bedrooms | $179.5K | $220K | +22.6% |
| 3 Bedrooms | $266K | $281.8K | +5.9% |
| 4 Bedrooms | $366K | $322K | -12.0% |
| 5+ Bedrooms | $339K | $461K | +36.0% |
Summary: 15116 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 increased by 22.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 36%.
Housing Supply in 15116, PA
How many homes are available in 15116, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 68 | +13.3% |
Summary: The 15116 real estate market had 68 homes for sale in October 2024, a 13.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 37 | 41 | +10.8% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 15116 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 increased by 16.7%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 15116, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 15116 in October 2024, up by 21.4% month-over-month. Of the 17 sold homes, 41% were sold under asking, 24% were sold at asking, and 35% were sold over asking.
Days on Market for 15116, PA
How long does it take to sell a home in 15116, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 39 Days | +33.5% |
Summary: Homes in 15116 had an average of 39 days on market in Oct 2024, up by 33.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 15116 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in 15116; 59% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
