Is 15221, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15221 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 15221 was a Seller's Market.

Key Takeaway

15221 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 15221, PA

How much do homes in 15221, PA cost?

Median Sold Price

$173,150

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,150(+6.2%)

Key Takeaway

Homes in 15221 have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in 15221 was $173,150 in November 2024, up 6.2% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $72.5K$87K
+20.0%
2 $135K$133K
-1.5%
3 $157K$175K
+11.5%
4 $285.9K$285K
-0.3%
5+ $385K$221K
-42.6%

Summary: 15221 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 42.6%.

Median Sold Price Compared To Nearby Zip Codes

15104
+52.8%
15235
+6.4%
15221
+6.2%
15218
+4.5%

Housing Supply in 15221, PA

How many homes are available in 15221, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
136129-5.1%

Summary: The 15221 real estate market had 129 homes for sale in November 2024, a 5.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 2621
-19.2%
3 7674
-2.6%
4 2424
0.0%
5+ 88
0.0%

Summary: The 15221 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 19.2%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2520-20.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15221, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in 15221 in November 2024, down by 20.0% month-over-month. Of the 20 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.

Days on Market for 15221, PA

How long does it take to sell a home in 15221, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
38 Days48 Days+25.4%

Summary: Homes in 15221 had an average of 48 days on market in Nov 2024, up by 25.4% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 15221 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 20 homes were sold in 15221; 55% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 20% 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 15221, PA

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