Is 15531, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15531 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 15531 has remained a Seller's Market.

Key Takeaway

15531 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 15531, PA

How much do homes in 15531, PA cost?

Median Sold Price

$195,000

$126/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$45,000(+30.0%)

Key Takeaway

Homes in 15531 have sold for 30% more than they did a year ago.

Summary: The median home sold price in 15531 was $195,000 in October 2024, up 30% from last year, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $305K$185K
-39.3%
3 $140K$216.5K
+54.6%
4 $150.5K$129.9K
-13.7%
5+ $267.5K-
N/A

Summary: 15531 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 decreased by 39.3%, 3 bedroom homes increased by 54.6%, 4 bedroom homes decreased by 13.7%, and 5+ bedroom homes did not change.

Housing Supply in 15531, PA

How many homes are available in 15531, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
35+66.7%

Summary: The 15531 real estate market had 5 homes for sale in October 2024, a 66.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 13
+200.0%
4 11
0.0%
5+ 01
+100.0%

Summary: The 15531 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 decreased by 100%, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15531, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 15531 in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 15531, PA

How long does it take to sell a home in 15531, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days64 Days+128.6%

Summary: Homes in 15531 had an average of 64 days on market in Oct 2024, up by 128.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 15531 has remained consistent over time.

Summary: During October 2024, 1 homes were sold in 15531; 0% of homes were sold within 30 days, 100% 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 5 Days Ago

Newest Listings in 15531, PA

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