$3,799 Closing Credit*
$319,900
2,258 SqFt
5 Beds
•3 Full Baths, 1 Partial
Corey Weber, Listing Office: Re/Max Infinity
Is 16001, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 16001 has remained a Seller's Market.
Key Takeaway
16001 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16001, PA
How much do homes in 16001, PA cost?
Median Sold Price
$210,666
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$10,666(+5.3%)
Key Takeaway
Homes in 16001 have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in 16001 was $210,666 in December 2024, up 5.3% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156K | $96K | -38.5% |
| 2 Bedrooms | $151.7K | $168.5K | +11.0% |
| 3 Bedrooms | $201K | $215K | +7.0% |
| 4 Bedrooms | $247K | $238.5K | -3.4% |
| 5+ Bedrooms | $180K | $307.5K | +70.8% |
Summary: 16001 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.5%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 70.8%.
Median Sold Price Compared To Nearby Zip Codes
| 16002 | $270.7K | $325K | +20.0% |
| 16001 | $200K | $210.6K | +5.3% |
Housing Supply in 16001, PA
How many homes are available in 16001, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 160 | 149 | -6.9% |
Summary: The 16001 real estate market had 149 homes for sale in December 2024, a 6.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 91 | 80 | -12.1% |
| 4 Bedrooms | 47 | 43 | -8.5% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 16001 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 30.8%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 35 | 33 | -5.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16001, expect to pay close to the asking price. 39.4% of homes here sold near the asking price last month.
Summary: A total of 33 homes were sold or pending in 16001 in December 2024, down by 5.7% month-over-month. Of the 33 sold homes, 36% were sold under asking, 39% were sold at asking, and 24% were sold over asking.
Days on Market for 16001, PA
How long does it take to sell a home in 16001, PA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 50 Days | 44 Days | -10.5% |
Summary: Homes in 16001 had an average of 44 days on market in Dec 2024, down by 10.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 16001 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 33 homes were sold in 16001; 55% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.