$2,256 Closing Credit*
$190,000
Erica Newport, Listing Office: Nulf Real Estate
Is 15642, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 15642 has remained a Seller's Market.
Key Takeaway
15642 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 15642, PA
How much do homes in 15642, PA cost?
Median Sold Price
$253,333
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,333(+7.8%)
Key Takeaway
Homes in 15642 have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in 15642 was $253,333 in October 2024, up 7.8% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | $88.5K | +60.9% |
| 2 Bedrooms | $178K | $161K | -9.6% |
| 3 Bedrooms | $224K | $233.5K | +4.2% |
| 4 Bedrooms | $390K | $390K | 0.0% |
| 5+ Bedrooms | $635K | $407.9K | -35.8% |
Summary: 15642 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60.9%, 2 bedroom homes decreased by 9.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 35.8%.
Housing Supply in 15642, PA
How many homes are available in 15642, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 122 | 131 | +7.4% |
Summary: The 15642 real estate market had 131 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 74 | 82 | +10.8% |
| 4 Bedrooms | 29 | 29 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 15642 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 7.7%, 3 bedroom homes increased by 10.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 37 | +23.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 15642, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in 15642 in October 2024, up by 23.3% month-over-month. Of the 37 sold homes, 51% were sold under asking, 27% were sold at asking, and 22% were sold over asking.
Days on Market for 15642, PA
How long does it take to sell a home in 15642, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 35 Days | +5.1% |
Summary: Homes in 15642 had an average of 35 days on market in Oct 2024, up by 5.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 15642 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 37 homes were sold in 15642; 57% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
