Is 15650, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15650 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 15650 has remained a Seller's Market.

Key Takeaway

15650 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 15650, PA

How much do homes in 15650, PA cost?

Median Sold Price

$200,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,500(+6.1%)

Key Takeaway

Homes in 15650 have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in 15650 was $200,000 in November 2024, up 6.1% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $75K$99K
+32.0%
2 $139.9K$161K
+15.0%
3 $200K$207.5K
+3.8%
4 $265.4K$311.2K
+17.2%
5+ $310.5K$299K
-3.7%

Summary: 15650 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes decreased by 3.7%.

Housing Supply in 15650, PA

How many homes are available in 15650, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8477-8.3%

Summary: The 15650 real estate market had 77 homes for sale in November 2024, a 8.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1211
-8.3%
3 4946
-6.1%
4 1716
-5.9%
5+ 53
-40.0%

Summary: The 15650 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1520+33.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15650, expect to pay close to the asking price. 45% of homes here sold near the asking price last month.

Summary: A total of 20 homes were sold or pending in 15650 in November 2024, up by 33.3% month-over-month. Of the 20 sold homes, 25% were sold under asking, 45% were sold at asking, and 30% were sold over asking.

Days on Market for 15650, PA

How long does it take to sell a home in 15650, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days41 Days+29.1%

Summary: Homes in 15650 had an average of 41 days on market in Nov 2024, up by 29.1% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 15650 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 20 homes were sold in 15650; 60% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 15% 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 22 Days Ago

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