Is 15601, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15601 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 15601 has remained a Seller's Market.

Key Takeaway

15601 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 15601, PA

How much do homes in 15601, PA cost?

Median Sold Price

$240,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,000(+5.7%)

Key Takeaway

Homes in 15601 have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in 15601 was $240,000 in October 2024, up 5.7% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $92K$82.5K
-10.3%
2 $140K$174.9K
+24.9%
3 $220.2K$220K
-0.1%
4 $328.5K$365K
+11.1%
5+ $335K$368.7K
+10.1%

Summary: 15601 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes increased by 24.9%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 10.1%.

Housing Supply in 15601, PA

How many homes are available in 15601, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
205221+7.8%

Summary: The 15601 real estate market had 221 homes for sale in October 2024, a 7.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2525
0.0%
3 108114
+5.6%
4 5767
+17.5%
5+ 1515
0.0%

Summary: The 15601 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 remained the same, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4237-11.9%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15601, you may be able to get a good deal. 54.1% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in 15601 in October 2024, down by 11.9% month-over-month. Of the 37 sold homes, 54% were sold under asking, 27% were sold at asking, and 19% were sold over asking.

Days on Market for 15601, PA

How long does it take to sell a home in 15601, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days40 Days0.2%

Summary: Homes in 15601 had an average of 40 days on market in Oct 2024, up by 0.2% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 15601 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 37 homes were sold in 15601; 54% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 16% 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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