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 4 Days Ago

Newest Listings in 15228, PA

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