Is 15228, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15228 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 15228 has remained a Seller's Market.

Key Takeaway

15228 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 15228, PA

How much do homes in 15228, PA cost?

Median Sold Price

$412,500

$240/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$52,500(+14.6%)

Key Takeaway

Homes in 15228 have sold for 14.6% more than they did a year ago.

Summary: The median home sold price in 15228 was $412,500 in November 2024, up 14.6% from last year, and the median price per square foot was $240.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $119.5K$124.9K
+4.5%
2 $235K$274.8K
+16.9%
3 $325K$362.5K
+11.5%
4 $573.5K$650K
+13.3%
5+ $727.5K$775K
+6.5%

Summary: 15228 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 6.5%.

Median Sold Price Compared To Nearby Zip Codes

15228
+14.6%
15226
+9.3%
15216
+9.0%
15234
+7.1%
15243
+5.9%

Housing Supply in 15228, PA

How many homes are available in 15228, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6056-6.7%

Summary: The 15228 real estate market had 56 homes for sale in November 2024, a 6.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 75
-28.6%
3 3228
-12.5%
4 1113
+18.2%
5+ 99
0.0%

Summary: The 15228 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 28.6%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15228, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in 15228 in November 2024, down by 9.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.

Days on Market for 15228, PA

How long does it take to sell a home in 15228, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
58 Days29 Days-48.6%

Summary: Homes in 15228 had an average of 29 days on market in Nov 2024, down by 48.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 15228 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in 15228; 60% of homes were sold within 30 days, 40% 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 21 Days Ago

Newest Listings in 15228, PA

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