Is 16045, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 16045 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 16045 has remained a Seller's Market.

Key Takeaway

16045 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 16045, PA

How much do homes in 16045, PA cost?

Median Sold Price

$99,000

$134/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$73,500(-42.6%)

Key Takeaway

Homes in 16045 have sold for 42.6% less than they did a month ago.

Summary: The median home sold price in 16045 was $99,000 in November 2024, down 42.6% from last month, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $172.5K$99K
-42.6%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: 16045 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 42.6%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 16045, PA

How many homes are available in 16045, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
42-50.0%

Summary: The 16045 real estate market had 2 homes for sale in November 2024, a 50.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 11
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 16045 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 decreased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 16045, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 16045 in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 16045, PA

How long does it take to sell a home in 16045, PA?

Average Sale Time

Oct 2024Nov 2024CHANGE
64 Days9 Days-85.9%

Summary: Homes in 16045 had an average of 9 days on market in Nov 2024, down by 85.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 16045 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 16045; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

Newest Listings in 16045, PA

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