Is 15618, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15618 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 15618 has remained a Seller's Market.

Key Takeaway

15618 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 15618, PA

How much do homes in 15618, PA cost?

Median Sold Price

$143,450

$78/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$13,050(-8.3%)

Key Takeaway

Homes in 15618 have sold for 8.3% less than they did a year ago.

Summary: The median home sold price in 15618 was $143,450 in October 2024, down 8.3% from last year, and the median price per square foot was $78.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $121.9K$74K
-39.3%
3 $160K$147K
-8.1%
4 $171K$179.9K
+5.2%
5+ --
N/A

Summary: 15618 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 decreased by 8.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

15613
+28.4%
15618
-8.3%

Housing Supply in 15618, PA

How many homes are available in 15618, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
119-18.2%

Summary: The 15618 real estate market had 9 homes for sale in October 2024, a 18.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 96
-33.3%
4 00
0.0%
5+ 00
0.0%

Summary: The 15618 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 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15618, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 15618 in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 15618, PA

How long does it take to sell a home in 15618, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
180 Days66 Days-63.2%

Summary: Homes in 15618 had an average of 66 days on market in Oct 2024, down by 63.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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

Many homes in 15618 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 15618; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 4 Days Ago

Newest Listings in 15618, PA

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