$3,800 Closing Credit*
$320,000
1,248 SqFt
3 Beds
•2 Full Baths
Danielle Guthrie, Listing Office: Howard Hanna Real Estate Services
Is 15116, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$306,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$41,000(+15.5%)
Key Takeaway
Homes in 15116 have sold for 15.5% more than they did a year ago.
Summary: The median home sold price in 15116 was $306,000 in December 2024, up 15.5% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116.7K | - | N/A |
| 2 Bedrooms | $179.5K | $230K | +28.1% |
| 3 Bedrooms | $265K | $294.9K | +11.3% |
| 4 Bedrooms | $375K | $340K | -9.3% |
| 5+ Bedrooms | $339K | $446K | +31.6% |
Summary: 15116 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.1%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes increased by 31.6%.
Housing Supply in 15116, PA
How many homes are available in 15116, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 56 | 45 | -19.6% |
Summary: The 15116 real estate market had 45 homes for sale in December 2024, a 19.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 36 | 30 | -16.7% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 15116 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 15116, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in 15116 in December 2024, up by 26.7% month-over-month. Of the 19 sold homes, 32% were sold under asking, 16% were sold at asking, and 53% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 24 Days | 28 Days | +14.4% |
Summary: Homes in 15116 had an average of 28 days on market in Dec 2024, up by 14.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 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 December 2024, 19 homes were sold in 15116; 63% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
