Is 15563, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15563 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 15563 has remained a Seller's Market.

Key Takeaway

15563 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 15563, PA

How much do homes in 15563, PA cost?

Median Sold Price

$195,000

$90/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$84,000(-30.1%)

Key Takeaway

Homes in 15563 have sold for 30.1% less than they did a year ago.

Summary: The median home sold price in 15563 was $195,000 in October 2024, down 30.1% from last year, and the median price per square foot was $90.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $205K-
N/A
2 $118.4K$575K
+385.4%
3 $404.5K$223.5K
-44.7%
4 $605K$175K
-71.1%
5+ $1.1M$1.1M
+1.2%

Summary: 15563 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 increased by 385.4%, 3 bedroom homes decreased by 44.7%, 4 bedroom homes decreased by 71.1%, and 5+ bedroom homes increased by 1.2%.

Housing Supply in 15563, PA

How many homes are available in 15563, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
65-16.7%

Summary: The 15563 real estate market had 5 homes for sale in October 2024, a 16.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 12
+100.0%
4 31
-66.7%
5+ 21
-50.0%

Summary: The 15563 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 100%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15563, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 15563 in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 15563, PA

How long does it take to sell a home in 15563, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
65 Days220 Days+238.5%

Summary: Homes in 15563 had an average of 220 days on market in Oct 2024, up by 238.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 15563 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in 15563; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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

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