$1,170 Closing Credit*
$98,500
840 SqFt
2 Beds
•1 Full Bath, 1 Partial
Daniel Demers, Listing Office: Sell Your Home Services
Is 16002, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 16002 has remained a Seller's Market.
Key Takeaway
16002 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16002, PA
How much do homes in 16002, PA cost?
Median Sold Price
$325,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$55,000(+20.4%)
Key Takeaway
Homes in 16002 have sold for 20.4% more than they did a year ago.
Summary: The median home sold price in 16002 was $325,000 in November 2024, up 20.4% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $157.7K | $166.9K | +5.8% |
| 3 Bedrooms | $250K | $281K | +12.4% |
| 4 Bedrooms | $380.5K | $403.7K | +6.1% |
| 5+ Bedrooms | $432.5K | $385K | -11.0% |
Summary: 16002 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 11%.
Median Sold Price Compared To Nearby Zip Codes
| 16002 | $270K | $325K | +20.4% |
| 16056 | $277.5K | $326.2K | +17.6% |
| 16001 | $199K | $210K | +5.5% |
Housing Supply in 16002, PA
How many homes are available in 16002, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 38 | -7.3% |
Summary: The 16002 real estate market had 38 homes for sale in November 2024, a 7.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 21 | 19 | -9.5% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 16002 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16002, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 16002 in November 2024, the same as the previous month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.
Days on Market for 16002, PA
How long does it take to sell a home in 16002, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 35 Days | -23.7% |
Summary: Homes in 16002 had an average of 35 days on market in Nov 2024, down by 23.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 16002 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in 16002; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
