$3,561 Closing Credit*
$299,900
3 Beds
•2 Full Baths
Ronald Huber, Listing Office: Berkshire Hathaway The Preferred Realty
Is 16063, 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, 16063 has remained a Seller's Market.
Key Takeaway
16063 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16063, PA
How much do homes in 16063, PA cost?
Median Sold Price
$395,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+11.3%)
Key Takeaway
Homes in 16063 have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in 16063 was $395,000 in October 2024, up 11.3% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $252K | $270K | +7.1% |
| 3 Bedrooms | $352K | $338K | -4.0% |
| 4 Bedrooms | $464.9K | $470.6K | +1.2% |
| 5+ Bedrooms | $537.5K | $587.9K | +9.4% |
Summary: 16063 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 7.1%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Zip Codes
| 16037 | $345K | $407.4K | +18.1% |
| 16063 | $355K | $395K | +11.3% |
| 16066 | $415.2K | $435K | +4.8% |
| 16033 | $360.4K | $350K | -2.9% |
Housing Supply in 16063, PA
How many homes are available in 16063, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 23 | +15.0% |
Summary: The 16063 real estate market had 23 homes for sale in October 2024, a 15.0% 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 16063 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 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16063, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in 16063 in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% were sold over asking.
Days on Market for 16063, PA
How long does it take to sell a home in 16063, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 53 Days | +89.6% |
Summary: Homes in 16063 had an average of 53 days on market in Oct 2024, up by 89.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 16063 has remained consistent over time.
Summary: During October 2024, 7 homes were sold in 16063; 14% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
