Is 15222, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15222 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 15222 has remained a Buyer's Market.

Key Takeaway

15222 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 15222, PA

How much do homes in 15222, PA cost?

Median Sold Price

$465,000

$361/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$25,000(-5.1%)

Key Takeaway

Homes in 15222 have sold for 5.1% less than they did a year ago.

Summary: The median home sold price in 15222 was $465,000 in October 2024, down 5.1% from last year, and the median price per square foot was $361.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $255K$275K
+7.8%
2 $529.5K$534K
+0.8%
3 $775K$953.5K
+23.0%
4 $1.4M$1.7M
+15.7%
5+ -$2.6M
N/A

Summary: 15222 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 23%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

15201
+13.2%
15212
+3.1%
15209
+2.0%
15222
-5.1%

Housing Supply in 15222, PA

How many homes are available in 15222, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
93102+9.7%

Summary: The 15222 real estate market had 102 homes for sale in October 2024, a 9.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2930
+3.4%
2 5156
+9.8%
3 1214
+16.7%
4 12
+100.0%
5+ 00
0.0%

Summary: The 15222 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
880.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15222, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 15222 in October 2024, the same as the previous month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for 15222, PA

How long does it take to sell a home in 15222, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
105 Days36 Days-65.4%

Summary: Homes in 15222 had an average of 36 days on market in Oct 2024, down by 65.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 15222 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 15222; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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 13 Days Ago

Newest Listings in 15222, PA

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