$3,384 Closing Credit*
$285,000
1,808 SqFt
3 Beds
•2 Full Baths, 1 Partial
Amanda Shingleton, Listing Office: Berkshire Hathaway The Preferred Realty
Is 16001, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 16001 was a Seller's Market.
Key Takeaway
16001 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 16001, PA
How much do homes in 16001, PA cost?
Median Sold Price
$210,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,000(+5.5%)
Key Takeaway
Homes in 16001 have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in 16001 was $210,000 in October 2024, up 5.5% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156K | $95.2K | -38.9% |
| 2 Bedrooms | $149.9K | $166K | +10.7% |
| 3 Bedrooms | $200K | $215K | +7.5% |
| 4 Bedrooms | $240K | $253K | +5.4% |
| 5+ Bedrooms | $180K | $308.4K | +71.4% |
Summary: 16001 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.9%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 71.4%.
Median Sold Price Compared To Nearby Zip Codes
| 16002 | $272K | $315.3K | +15.9% |
| 16001 | $199K | $210K | +5.5% |
Housing Supply in 16001, PA
How many homes are available in 16001, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 157 | 167 | +6.4% |
Summary: The 16001 real estate market had 167 homes for sale in October 2024, a 6.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 20 | +42.9% |
| 3 Bedrooms | 95 | 92 | -3.2% |
| 4 Bedrooms | 38 | 43 | +13.2% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The 16001 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 increased by 42.9%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 25 | -10.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16001, you may be able to get a good deal. 48% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 16001 in October 2024, down by 10.7% month-over-month. Of the 25 sold homes, 48% were sold under asking, 24% were sold at asking, and 28% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 55 Days | 43 Days | -22.8% |
Summary: Homes in 16001 had an average of 43 days on market in Oct 2024, down by 22.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 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 October 2024, 25 homes were sold in 16001; 48% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 20% 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.