Is 15223, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15223 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 15223 was a Buyer's Market.

Key Takeaway

15223 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 15223, PA

How much do homes in 15223, PA cost?

Median Sold Price

$195,000

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$2,000(+1.0%)

Key Takeaway

Homes in 15223 have sold for 1% more than they did a year ago.

Summary: The median home sold price in 15223 was $195,000 in October 2024, up 1% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$79K
N/A
2 $150K$159K
+6.0%
3 $198K$216.7K
+9.5%
4 $208.5K$250K
+19.9%
5+ $250K$320K
+28.0%

Summary: 15223 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes increased by 28%.

Median Sold Price Compared To Nearby Zip Codes

15215
+22.8%
15201
+13.2%
15116
+9.4%
15209
+2.0%
15223
+1.0%

Housing Supply in 15223, PA

How many homes are available in 15223, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2934+17.2%

Summary: The 15223 real estate market had 34 homes for sale in October 2024, a 17.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 78
+14.3%
3 1718
+5.9%
4 37
+133.3%
5+ 11
0.0%

Summary: The 15223 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
28+300.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15223, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 15223 in October 2024, up by 300.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.

Days on Market for 15223, PA

How long does it take to sell a home in 15223, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days20 Days-36.3%

Summary: Homes in 15223 had an average of 20 days on market in Oct 2024, down by 36.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 15223 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 15223; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 23 Days Ago

Newest Listings in 15223, PA

Nearby Markets to 15223, PA