Is 15227, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15227 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 15227 was a Seller's Market.

Key Takeaway

15227 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 15227, PA

How much do homes in 15227, PA cost?

Median Sold Price

$195,000

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,675(+7.5%)

Key Takeaway

Homes in 15227 have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in 15227 was $195,000 in October 2024, up 7.5% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $59K-
N/A
2 $140K$165K
+17.9%
3 $190K$210K
+10.5%
4 $219K$228K
+4.1%
5+ $266.5K$214.9K
-19.4%

Summary: 15227 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 17.9%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 19.4%.

Median Sold Price Compared To Nearby Zip Codes

15210
+34.7%
15207
+15.1%
15234
+9.4%
15227
+7.5%
15236
+2.3%

Housing Supply in 15227, PA

How many homes are available in 15227, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1431430.0%

Summary: The 15227 real estate market had 143 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 3229
-9.4%
3 8887
-1.1%
4 2125
+19.0%
5+ 22
0.0%

Summary: The 15227 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 decreased by 9.4%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 19%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3222-31.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15227, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 15227 in October 2024, down by 31.3% month-over-month. Of the 22 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.

Days on Market for 15227, PA

How long does it take to sell a home in 15227, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days25 Days-5.8%

Summary: Homes in 15227 had an average of 25 days on market in Oct 2024, down by 5.8% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 15227 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 22 homes were sold in 15227; 68% of homes were sold within 30 days, 32% 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 4 Days Ago

Newest Listings in 15227, PA

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