$4,393 Closing Credit*
$369,900
3 Beds
•2 Full Baths
Mark Twentier, Listing Office: Howard Hanna Real Estate Services
Is 16055, 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, 16055 has remained a Seller's Market.
Key Takeaway
16055 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16055, PA
How much do homes in 16055, PA cost?
Median Sold Price
$365,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$46,750(+14.7%)
Key Takeaway
Homes in 16055 have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in 16055 was $365,000 in October 2024, up 14.7% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $447.4K | $383.5K | -14.3% |
| 3 Bedrooms | $275.9K | $302.5K | +9.6% |
| 4 Bedrooms | $423.5K | $389K | -8.1% |
| 5+ Bedrooms | $415K | $309.8K | -25.3% |
Summary: 16055 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 14.3%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 25.3%.
Median Sold Price Compared To Nearby Zip Codes
| 16056 | $265K | $322.5K | +21.7% |
| 16055 | $318.2K | $365K | +14.7% |
| 15065 | $161K | $162.5K | +0.9% |
Housing Supply in 16055, PA
How many homes are available in 16055, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 35 | -7.9% |
Summary: The 16055 real estate market had 35 homes for sale in October 2024, a 7.9% decrease 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 | 10 | 9 | -10.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 16055 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 decreased by 10%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16055, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 16055 in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for 16055, PA
How long does it take to sell a home in 16055, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 57 Days | +205.9% |
Summary: Homes in 16055 had an average of 57 days on market in Oct 2024, up by 205.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 16055 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 16055; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
