$1,413 Closing Credit*
$119,000
Pamela Bubenheim, Listing Office: Duck Hollow Realty Llc
Is 15216, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 15216 has remained a Seller's Market.
Key Takeaway
15216 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 15216, PA
How much do homes in 15216, PA cost?
Median Sold Price
$232,250
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,250(+10.6%)
Key Takeaway
Homes in 15216 have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in 15216 was $232,250 in October 2024, up 10.6% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103.1K | $122.7K | +19.0% |
| 2 Bedrooms | $155.1K | $160K | +3.1% |
| 3 Bedrooms | $208.2K | $235K | +12.8% |
| 4 Bedrooms | $300K | $356K | +18.7% |
| 5+ Bedrooms | $355.5K | $320K | -10.0% |
Summary: 15216 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes decreased by 10%.
Housing Supply in 15216, PA
How many homes are available in 15216, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 82 | +13.9% |
Summary: The 15216 real estate market had 82 homes for sale in October 2024, a 13.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 42 | 45 | +7.1% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The 15216 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 10%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 15216, 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 15216 in October 2024, down by 6.3% month-over-month. Of the 15 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.
Days on Market for 15216, PA
How long does it take to sell a home in 15216, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 40 Days | +22.8% |
Summary: Homes in 15216 had an average of 40 days on market in Oct 2024, up by 22.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 15216 has remained consistent over time.
Summary: During October 2024, 15 homes were sold in 15216; 40% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
