Is 15241, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15241 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 15241 was a Seller's Market.

Key Takeaway

15241 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 15241, PA

How much do homes in 15241, PA cost?

Median Sold Price

$465,000

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$55,000(+13.4%)

Key Takeaway

Homes in 15241 have sold for 13.4% more than they did a year ago.

Summary: The median home sold price in 15241 was $465,000 in October 2024, up 13.4% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $230.2K$275K
+19.4%
3 $297.5K$345K
+16.0%
4 $450K$493.2K
+9.6%
5+ $690K$730K
+5.8%

Summary: 15241 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 19.4%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 5.8%.

Median Sold Price Compared To Nearby Zip Codes

15241
+13.4%
15228
+7.6%
15017
+6.9%
15102
+5.5%
15243
+1.7%

Housing Supply in 15241, PA

How many homes are available in 15241, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9796-1.0%

Summary: The 15241 real estate market had 96 homes for sale in October 2024, a 1.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 2224
+9.1%
4 5652
-7.1%
5+ 1819
+5.6%

Summary: The 15241 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 remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 5.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1810-44.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15241, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 15241 in October 2024, down by 44.4% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.

Days on Market for 15241, PA

How long does it take to sell a home in 15241, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days33 Days-10.9%

Summary: Homes in 15241 had an average of 33 days on market in Oct 2024, down by 10.9% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 15241 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in 15241; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% 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 24 Days Ago

Newest Listings in 15241, PA

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