$10,000 Closing Credit*
$889,000
3,658 SqFt
5 Beds
•3 Full Baths, 1 Partial
Libby Krepps, Listing Office: Berkshire Hathaway The Preferred Realty
Is 16037, 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, 16037 has remained a Seller's Market.
Key Takeaway
16037 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16037, PA
How much do homes in 16037, PA cost?
Median Sold Price
$407,450
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$62,450(+18.1%)
Key Takeaway
Homes in 16037 have sold for 18.1% more than they did a year ago.
Summary: The median home sold price in 16037 was $407,450 in October 2024, up 18.1% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.9K | - | N/A |
| 2 Bedrooms | $372.5K | $400K | +7.4% |
| 3 Bedrooms | $311.8K | $339.4K | +8.9% |
| 4 Bedrooms | $479.9K | $547.2K | +14.0% |
| 5+ Bedrooms | $798K | $642K | -19.5% |
Summary: 16037 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 increased by 7.4%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 14%, and 5+ bedroom homes decreased by 19.5%.
Median Sold Price Compared To Nearby Zip Codes
| 16037 | $345K | $407.4K | +18.1% |
| 16063 | $355K | $395K | +11.3% |
Housing Supply in 16037, PA
How many homes are available in 16037, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 22 | +22.2% |
Summary: The 16037 real estate market had 22 homes for sale in October 2024, a 22.2% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 16037 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 remained the same, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16037, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 16037 in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for 16037, PA
How long does it take to sell a home in 16037, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 29 Days | +188.8% |
Summary: Homes in 16037 had an average of 29 days on market in Oct 2024, up by 188.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 16037 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 16037; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
