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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15241 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 15241 has remained a Seller's Market.

Key Takeaway

15241 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 15241, PA

How much do homes in 15241, PA cost?

Median Sold Price

$475,000

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$63,333(+15.4%)

Key Takeaway

Homes in 15241 have sold for 15.4% more than they did a year ago.

Summary: The median home sold price in 15241 was $475,000 in December 2024, up 15.4% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $235.7K$275K
+16.6%
3 $292.5K$348.7K
+19.2%
4 $455.4K$490.5K
+7.7%
5+ $780K$730K
-6.4%

Summary: 15241 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 6.4%.

Median Sold Price Compared To Nearby Zip Codes

15241
+15.4%
15228
+12.8%
15243
+5.6%
15102
+2.5%
15017
0.0%

Housing Supply in 15241, PA

How many homes are available in 15241, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
8276-7.3%

Summary: The 15241 real estate market had 76 homes for sale in December 2024, a 7.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 2422
-8.3%
4 3935
-10.3%
5+ 1718
+5.9%

Summary: The 15241 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 5.9%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1218+50.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 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. 61.1% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 15241 in December 2024, up by 50.0% month-over-month. Of the 18 sold homes, 61% were sold under asking, 17% were sold at asking, and 22% 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

Dec 2023Dec 2024CHANGE
40 Days71 Days+77.2%

Summary: Homes in 15241 had an average of 71 days on market in Dec 2024, up by 77.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were 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 December 2024, 18 homes were sold in 15241; 50% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 22% 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 14 Days Ago

Newest Listings in 15241, PA

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