Is 15501, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15501 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 15501 has remained a Seller's Market.

Key Takeaway

15501 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 15501, PA

How much do homes in 15501, PA cost?

Median Sold Price

$242,500

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,500(+12.8%)

Key Takeaway

Homes in 15501 have sold for 12.8% more than they did a year ago.

Summary: The median home sold price in 15501 was $242,500 in October 2024, up 12.8% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $95K$50.5K
-46.8%
2 $210K$169.1K
-19.5%
3 $215K$252.5K
+17.4%
4 $247.5K$277.5K
+12.1%
5+ $570K$478.5K
-16.1%

Summary: 15501 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.8%, 2 bedroom homes decreased by 19.5%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes decreased by 16.1%.

Housing Supply in 15501, PA

How many homes are available in 15501, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6065+8.3%

Summary: The 15501 real estate market had 65 homes for sale in October 2024, a 8.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 610
+66.7%
3 3032
+6.7%
4 1716
-5.9%
5+ 66
0.0%

Summary: The 15501 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 increased by 66.7%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1314+7.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15501, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 15501 in October 2024, up by 7.7% month-over-month. Of the 14 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% were sold over asking.

Days on Market for 15501, PA

How long does it take to sell a home in 15501, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
73 Days22 Days-69.4%

Summary: Homes in 15501 had an average of 22 days on market in Oct 2024, down by 69.4% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 15501 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 14 homes were sold in 15501; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% 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 23 Days Ago

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