Is 15207, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15207 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 15207 was a Seller's Market.

Key Takeaway

15207 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 15207, PA

How much do homes in 15207, PA cost?

Median Sold Price

$172,450

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,450(+14.2%)

Key Takeaway

Homes in 15207 have sold for 14.2% more than they did a year ago.

Summary: The median home sold price in 15207 was $172,450 in November 2024, up 14.2% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $64K$44K
-31.3%
2 $122.5K$142.5K
+16.3%
3 $165.7K$189.9K
+14.6%
4 $215K$220K
+2.3%
5+ $230K$265K
+15.2%

Summary: 15207 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.3%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 15.2%.

Median Sold Price Compared To Nearby Zip Codes

15210
+28.7%
15207
+14.2%
15120
+6.6%
15217
0.5%
15203
-15.8%

Housing Supply in 15207, PA

How many homes are available in 15207, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4951+4.1%

Summary: The 15207 real estate market had 51 homes for sale in November 2024, a 4.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1613
-18.8%
3 2230
+36.4%
4 96
-33.3%
5+ 22
0.0%

Summary: The 15207 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15207, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 15207 in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 15207, PA

How long does it take to sell a home in 15207, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
91 Days69 Days-24.3%

Summary: Homes in 15207 had an average of 69 days on market in Nov 2024, down by 24.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 15207 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 15207; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 21 Days Ago

Newest Listings in 15207, PA

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