$3,146 Closing Credit*
$264,900
1,408 SqFt
3 Beds
•1 Full Bath
Barbara Sutton, Listing Office: Berkshire Hathaway The Preferred Realty
Is 16002, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$315,350
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$43,350(+15.9%)
Key Takeaway
Homes in 16002 have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in 16002 was $315,350 in October 2024, up 15.9% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $157.7K | $151.8K | -3.7% |
| 3 Bedrooms | $258.5K | $275K | +6.4% |
| 4 Bedrooms | $374.5K | $450K | +20.2% |
| 5+ Bedrooms | $432.5K | $385K | -11.0% |
Summary: 16002 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 3.7%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes decreased by 11%.
Median Sold Price Compared To Nearby Zip Codes
| 16056 | $265K | $322.5K | +21.7% |
| 16002 | $272K | $315.3K | +15.9% |
| 16001 | $199K | $210K | +5.5% |
Housing Supply in 16002, PA
How many homes are available in 16002, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 45 | +12.5% |
Summary: The 16002 real estate market had 45 homes for sale in October 2024, a 12.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 18 | 24 | +33.3% |
| 4 Bedrooms | 19 | 17 | -10.5% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 16002 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 200%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16002, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 16002 in October 2024, the same as the previous month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 33 Days | +30.1% |
Summary: Homes in 16002 had an average of 33 days on market in Oct 2024, up by 30.1% compared to last year.
Breakdown of Home Sale Times
4 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 October 2024, 9 homes were sold in 16002; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
