Is 15205, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15205 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 15205 has remained a Seller's Market.

Key Takeaway

15205 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 15205, PA

How much do homes in 15205, PA cost?

Median Sold Price

$195,000

$159/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since November 2023.

Key Takeaway

The sold price of homes in 15205 has remained the same since last year.

Summary: The median home sold price in 15205 was $195,000 in November 2024, the same as last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $127K$135.9K
+7.0%
2 $175K$172K
-1.7%
3 $195.7K$205K
+4.7%
4 $244.9K$270.2K
+10.3%
5+ $275.5K$385K
+39.7%

Summary: 15205 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 39.7%.

Median Sold Price Compared To Nearby Zip Codes

15136
+11.1%
15106
+5.0%
15220
+4.9%
15205
0.0%
15204
-23.9%

Housing Supply in 15205, PA

How many homes are available in 15205, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8691+5.8%

Summary: The 15205 real estate market had 91 homes for sale in November 2024, a 5.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 2123
+9.5%
3 4146
+12.2%
4 1413
-7.1%
5+ 77
0.0%

Summary: The 15205 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 12.2%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1626+62.5%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15205, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 15205 in November 2024, up by 62.5% month-over-month. Of the 26 sold homes, 54% were sold under asking, 8% were sold at asking, and 38% were sold over asking.

Days on Market for 15205, PA

How long does it take to sell a home in 15205, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
41 Days29 Days-30.8%

Summary: Homes in 15205 had an average of 29 days on market in Nov 2024, down by 30.8% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 15205 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 26 homes were sold in 15205; 58% of homes were sold within 30 days, 42% 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 17 Days Ago

Newest Listings in 15205, PA

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