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 October 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

$172,150

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,150(+4.3%)

Key Takeaway

Homes in 15221 have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in 15221 was $172,150 in October 2024, up 4.3% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $72.5K$89K
+22.8%
2 $135K$129.9K
-3.8%
3 $163K$175K
+7.4%
4 $255K$312K
+22.4%
5+ $405K$237K
-41.5%

Summary: 15221 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.8%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes decreased by 41.5%.

Median Sold Price Compared To Nearby Zip Codes

15104
+73.5%
15235
+6.3%
15218
+5.5%
15221
+4.3%

Housing Supply in 15221, PA

How many homes are available in 15221, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
135141+4.4%

Summary: The 15221 real estate market had 141 homes for sale in October 2024, a 4.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 2226
+18.2%
3 7279
+9.7%
4 2725
-7.4%
5+ 129
-25.0%

Summary: The 15221 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 18.2%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3023-23.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15221, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 15221 in October 2024, down by 23.3% month-over-month. Of the 23 sold homes, 57% were sold under asking, 17% were sold at asking, and 26% 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

Oct 2023Oct 2024CHANGE
42 Days38 Days-9.0%

Summary: Homes in 15221 had an average of 38 days on market in Oct 2024, down by 9% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 15221 has remained consistent over time.

Summary: During October 2024, 23 homes were sold in 15221; 43% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 4% 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 5 Days Ago

Newest Listings in 15221, PA

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