Is 15120, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15120 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 15120 was a Seller's Market.

Key Takeaway

15120 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 15120, PA

How much do homes in 15120, PA cost?

Median Sold Price

$152,575

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,625(+3.1%)

Key Takeaway

Homes in 15120 have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in 15120 was $152,575 in October 2024, up 3.1% from last year, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$52.5K
N/A
2 $106.6K$130.7K
+22.5%
3 $165K$169.9K
+3.0%
4 $195.5K$197.4K
+1.0%
5+ $134.8K$134K
-0.6%

Summary: 15120 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 22.5%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 0.6%.

Median Sold Price Compared To Nearby Zip Codes

15104
+73.5%
15207
+15.1%
15122
+5.6%
15218
+5.5%
15120
+3.1%

Housing Supply in 15120, PA

How many homes are available in 15120, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
88101+14.8%

Summary: The 15120 real estate market had 101 homes for sale in October 2024, a 14.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2830
+7.1%
3 4352
+20.9%
4 1315
+15.4%
5+ 44
0.0%

Summary: The 15120 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 7.1%, 3 bedroom homes increased by 20.9%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
915+66.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15120, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 15120 in October 2024, up by 66.7% month-over-month. Of the 15 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 15120, PA

How long does it take to sell a home in 15120, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
55 Days52 Days-5.4%

Summary: Homes in 15120 had an average of 52 days on market in Oct 2024, down by 5.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 15120 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in 15120; 40% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 27% 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 4 Days Ago

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