Is 15931, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 15931 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 15931 has remained a Seller's Market.

Key Takeaway

15931 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 15931, PA

How much do homes in 15931, PA cost?

Median Sold Price

$202,000

$107/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$24,000(+13.5%)

Key Takeaway

Homes in 15931 have sold for 13.5% more than they did a year ago.

Summary: The median home sold price in 15931 was $202,000 in December 2024, up 13.5% from last year, and the median price per square foot was $107.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$80.7K
N/A
2 $93K$169.5K
+82.3%
3 $169.8K$186.5K
+9.8%
4 $178.5K$206.4K
+15.7%
5+ $212K$324K
+52.8%

Summary: 15931 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 82.3%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 52.8%.

Housing Supply in 15931, PA

How many homes are available in 15931, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2723-14.8%

Summary: The 15931 real estate market had 23 homes for sale in December 2024, a 14.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1311
-15.4%
4 97
-22.2%
5+ 33
0.0%

Summary: The 15931 housing inventory by bedroom type for December 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 15.4%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 15931, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 15931 in December 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 15931, PA

How long does it take to sell a home in 15931, PA?

Average Sale Time

Dec 2023Dec 2024CHANGE
17 Days32 Days+87.0%

Summary: Homes in 15931 had an average of 32 days on market in Dec 2024, up by 87% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 15931 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 4 homes were sold in 15931; 75% of homes were sold within 30 days, 25% 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 2 Days Ago

Newest Listings in 15931, PA

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