Is 15701, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15701 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 15701 was a Neutral Market.

Key Takeaway

15701 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 15701, PA

How much do homes in 15701, PA cost?

Median Sold Price

$194,000

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,000(+14.1%)

Key Takeaway

Homes in 15701 have sold for 14.1% more than they did a year ago.

Summary: The median home sold price in 15701 was $194,000 in October 2024, up 14.1% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $125K$120K
-4.0%
3 $159K$189.2K
+19.0%
4 $248.2K$282K
+13.6%
5+ $295K$306K
+3.7%

Summary: 15701 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 4%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 3.7%.

Housing Supply in 15701, PA

How many homes are available in 15701, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7677+1.3%

Summary: The 15701 real estate market had 77 homes for sale in October 2024, a 1.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 109
-10.0%
3 4043
+7.5%
4 1814
-22.2%
5+ 810
+25.0%

Summary: The 15701 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1720+17.6%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15701, you may be able to get a good deal. 55% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 15701 in October 2024, up by 17.6% month-over-month. Of the 20 sold homes, 55% were sold under asking, 20% were sold at asking, and 25% were sold over asking.

Days on Market for 15701, PA

How long does it take to sell a home in 15701, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
35 Days76 Days+113.1%

Summary: Homes in 15701 had an average of 76 days on market in Oct 2024, up by 113.1% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 15701 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 20 homes were sold in 15701; 55% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 30% 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

Newest Listings in 15701, PA

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