Is 15131, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15131 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 15131 has remained a Seller's Market.

Key Takeaway

15131 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 15131, PA

How much do homes in 15131, PA cost?

Median Sold Price

$165,200

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$800(-0.5%)

Key Takeaway

The sold price of homes in 15131 has remained the same since last year.

Summary: The median home sold price in 15131 was $165,200 in October 2024, down 0.5% from last year, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $139.9K$129K
-7.8%
3 $162.7K$170K
+4.5%
4 $224.9K$202K
-10.2%
5+ $339.9K$260K
-23.5%

Summary: 15131 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 7.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes decreased by 23.5%.

Median Sold Price Compared To Nearby Zip Codes

15132
+11.6%
15131
-0.5%
15137
-2.4%
15135
-12.2%

Housing Supply in 15131, PA

How many homes are available in 15131, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3031+3.3%

Summary: The 15131 real estate market had 31 homes for sale in October 2024, a 3.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 2022
+10.0%
4 33
0.0%
5+ 11
0.0%

Summary: The 15131 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 16.7%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15131, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 15131 in October 2024, down by 25.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for 15131, PA

How long does it take to sell a home in 15131, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days31 Days+49.2%

Summary: Homes in 15131 had an average of 31 days on market in Oct 2024, up by 49.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 15131 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in 15131; 50% of homes were sold within 30 days, 50% 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 14 Days Ago

Newest Listings in 15131, PA

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