Is 15220, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15220 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 15220 has remained a Seller's Market.

Key Takeaway

15220 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 15220, PA

How much do homes in 15220, PA cost?

Median Sold Price

$232,059

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$440(-0.2%)

Key Takeaway

The sold price of homes in 15220 has remained the same since last year.

Summary: The median home sold price in 15220 was $232,059 in December 2024, down 0.2% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $110K$102.5K
-6.8%
2 $161.6K$159K
-1.6%
3 $240.6K$250.5K
+4.1%
4 $332.5K$318.7K
-4.1%
5+ $345K$316.9K
-8.1%

Summary: 15220 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 8.1%.

Median Sold Price Compared To Nearby Zip Codes

15216
+5.6%
15220
-0.2%
15205
-0.5%
15211
-6.3%
15204
-30.0%

Housing Supply in 15220, PA

How many homes are available in 15220, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5443-20.4%

Summary: The 15220 real estate market had 43 homes for sale in December 2024, a 20.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 43
-25.0%
2 72
-71.4%
3 2824
-14.3%
4 1211
-8.3%
5+ 33
0.0%

Summary: The 15220 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 71.4%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1312-7.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15220, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 15220 in December 2024, down by 7.7% month-over-month. Of the 12 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for 15220, PA

How long does it take to sell a home in 15220, PA?

Average Sale Time

Dec 2023Dec 2024CHANGE
30 Days31 Days+3.4%

Summary: Homes in 15220 had an average of 31 days on market in Dec 2024, up by 3.4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 15220 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 12 homes were sold in 15220; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% 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 7 Days Ago

Newest Listings in 15220, PA

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