$4,970 Closing Credit*
$418,500
1,848 SqFt
3 Beds
•2 Full Baths, 1 Partial
Nancy Evans, Listing Office: Berkshire Hathaway The Preferred Realty
Is 16046, 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, 16046 has remained a Seller's Market.
Key Takeaway
16046 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16046, PA
How much do homes in 16046, PA cost?
Median Sold Price
$502,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,750(+6.8%)
Key Takeaway
Homes in 16046 have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in 16046 was $502,000 in November 2024, up 6.8% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $194K | $202.5K | +4.4% |
| 2 Bedrooms | $253.7K | $274.5K | +8.2% |
| 3 Bedrooms | $347.5K | $394K | +13.4% |
| 4 Bedrooms | $580K | $635K | +9.5% |
| 5+ Bedrooms | $890K | $987.5K | +11.0% |
Summary: 16046 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 11%.
Housing Supply in 16046, PA
How many homes are available in 16046, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 97 | 86 | -11.3% |
Summary: The 16046 real estate market had 86 homes for sale in November 2024, a 11.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 33 | 32 | -3.0% |
| 4 Bedrooms | 38 | 32 | -15.8% |
| 5+ Bedrooms | 11 | 7 | -36.4% |
Summary: The 16046 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 remained the same, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 36.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 25 | +47.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16046, you may be able to get a good deal. 36% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 16046 in November 2024, up by 47.1% month-over-month. Of the 25 sold homes, 36% were sold under asking, 32% were sold at asking, and 32% were sold over asking.
Days on Market for 16046, PA
How long does it take to sell a home in 16046, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 44 Days | +20.3% |
Summary: Homes in 16046 had an average of 44 days on market in Nov 2024, up by 20.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 16046 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 25 homes were sold in 16046; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
