$5,936 Closing Credit*
$499,900
1,996 SqFt
3 Beds
•2 Full Baths, 1 Partial
Cristin Zorman, Listing Office: Piatt Sotheby'S International Realty
Is 16046, 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, 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
$505,500
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,500(+7.6%)
Key Takeaway
Homes in 16046 have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in 16046 was $505,500 in October 2024, up 7.6% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $196K | $195K | -0.5% |
| 2 Bedrooms | $235K | $275K | +17.0% |
| 3 Bedrooms | $345K | $400K | +15.9% |
| 4 Bedrooms | $580K | $616.7K | +6.3% |
| 5+ Bedrooms | $889.5K | $987.5K | +11.0% |
Summary: 16046 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 6.3%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 93 | 94 | +1.1% |
Summary: The 16046 real estate market had 94 homes for sale in October 2024, a 1.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 35 | 31 | -11.4% |
| 4 Bedrooms | 34 | 39 | +14.7% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 16046 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 decreased by 11.4%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Asking Price vs. Sold Price
11 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 16046, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 16046 in October 2024, down by 11.1% month-over-month. Of the 16 sold homes, 69% were sold under asking, 6% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 61 Days | +103.7% |
Summary: Homes in 16046 had an average of 61 days on market in Oct 2024, up by 103.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 16 homes were sold in 16046; 50% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
