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 October 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

$398,750

$238/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$28,300(+7.6%)

Key Takeaway

Homes in 15228 have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in 15228 was $398,750 in October 2024, up 7.6% from last year, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $119.2K$129.9K
+8.9%
2 $236K$270.6K
+14.7%
3 $326.1K$359.9K
+10.4%
4 $578.7K$619.5K
+7.0%
5+ $750K$711.5K
-5.1%

Summary: 15228 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 5.1%.

Median Sold Price Compared To Nearby Zip Codes

15216
+10.6%
15234
+9.4%
15226
+8.1%
15228
+7.6%
15243
+1.7%

Housing Supply in 15228, PA

How many homes are available in 15228, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4862+29.2%

Summary: The 15228 real estate market had 62 homes for sale in October 2024, a 29.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 97
-22.2%
3 1832
+77.8%
4 1412
-14.3%
5+ 710
+42.9%

Summary: The 15228 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 77.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 42.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15228, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in 15228 in October 2024, down by 8.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 45% were sold at asking, and 27% 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

Oct 2023Oct 2024CHANGE
16 Days30 Days+81.8%

Summary: Homes in 15228 had an average of 30 days on market in Oct 2024, up by 81.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 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 October 2024, 11 homes were sold in 15228; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% 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 20 Days Ago

Newest Listings in 15228, PA

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