Is 15656, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15656 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 15656 has remained a Seller's Market.

Key Takeaway

15656 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 15656, PA

How much do homes in 15656, PA cost?

Median Sold Price

$155,000

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,000(+3.3%)

Key Takeaway

Homes in 15656 have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in 15656 was $155,000 in October 2024, up 3.3% from last year, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $51.5K$149K
+189.3%
2 $120K$77.3K
-35.6%
3 $155K$164.1K
+5.9%
4 $196.4K$293.2K
+49.3%
5+ $210K$199.9K
-4.8%

Summary: 15656 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 189.3%, 2 bedroom homes decreased by 35.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 49.3%, and 5+ bedroom homes decreased by 4.8%.

Median Sold Price Compared To Nearby Zip Codes

15690
+4.6%
15656
+3.3%
15065
+0.9%

Housing Supply in 15656, PA

How many homes are available in 15656, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4634-26.1%

Summary: The 15656 real estate market had 34 homes for sale in October 2024, a 26.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 88
0.0%
3 2721
-22.2%
4 94
-55.6%
5+ 21
-50.0%

Summary: The 15656 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 decreased by 22.2%, 4 bedroom homes decreased by 55.6%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
159-40.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15656, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 15656 in October 2024, down by 40.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 15656, PA

How long does it take to sell a home in 15656, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days41 Days+97.9%

Summary: Homes in 15656 had an average of 41 days on market in Oct 2024, up by 97.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 15656 has remained consistent over time.

Summary: During October 2024, 9 homes were sold in 15656; 33% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 11% 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 15656, PA

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