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 21 Days Ago

Newest Listings in 15531, PA

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