Is 15627, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15627 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 15627 has remained a Seller's Market.

Key Takeaway

15627 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 15627, PA

How much do homes in 15627, PA cost?

Median Sold Price

$140,000

$115/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,250(+3.9%)

Key Takeaway

Homes in 15627 have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in 15627 was $140,000 in October 2024, up 3.9% from last year, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $310K-
N/A
2 $88.5K$128.5K
+45.2%
3 $138.5K$155.7K
+12.5%
4 $147.5K$136K
-7.8%
5+ $120K-
N/A

Summary: 15627 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 45.2%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

15650
+5.2%
15627
+3.9%

Housing Supply in 15627, PA

How many homes are available in 15627, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
15150.0%

Summary: The 15627 real estate market had 15 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 78
+14.3%
4 43
-25.0%
5+ 11
0.0%

Summary: The 15627 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 14.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
440.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15627, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 15627 in October 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for 15627, PA

How long does it take to sell a home in 15627, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days14 Days-49.1%

Summary: Homes in 15627 had an average of 14 days on market in Oct 2024, down by 49.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 15627 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 15627; 100% of homes were sold within 30 days, 0% 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 15627, PA

Nearby Markets to 15627, PA