Is 15401, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15401 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 15401 has remained a Seller's Market.

Key Takeaway

15401 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 15401, PA

How much do homes in 15401, PA cost?

Median Sold Price

$160,950

$111/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$3,250(-2.0%)

Key Takeaway

Homes in 15401 have sold for 2% less than they did a year ago.

Summary: The median home sold price in 15401 was $160,950 in October 2024, down 2% from last year, and the median price per square foot was $111.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $30K$64.5K
+115.0%
2 $95K$79.9K
-15.8%
3 $180K$195K
+8.3%
4 $180K$185K
+2.8%
5+ $247.4K$140K
-43.4%

Summary: 15401 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 115%, 2 bedroom homes decreased by 15.8%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 43.4%.

Housing Supply in 15401, PA

How many homes are available in 15401, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
120125+4.2%

Summary: The 15401 real estate market had 125 homes for sale in October 2024, a 4.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 2226
+18.2%
3 7073
+4.3%
4 2118
-14.3%
5+ 46
+50.0%

Summary: The 15401 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2122+4.8%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15401, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 15401 in October 2024, up by 4.8% month-over-month. Of the 22 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.

Days on Market for 15401, PA

How long does it take to sell a home in 15401, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
67 Days67 Days0.5%

Summary: Homes in 15401 had an average of 67 days on market in Oct 2024, up by 0.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 15401 has remained consistent over time.

Summary: During October 2024, 22 homes were sold in 15401; 27% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 23% 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 13 Days Ago

Newest Listings in 15401, PA

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