$1,651 Closing Credit*
$139,000
1,120 SqFt
3 Beds
•1 Full Bath
David Brunton, Listing Office: Your Town Realty Llc
Is 16101, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 16101 was a Seller's Market.
Key Takeaway
16101 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 16101, PA
How much do homes in 16101, PA cost?
Median Sold Price
$110,000
$75/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,134(+3.9%)
Key Takeaway
Homes in 16101 have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in 16101 was $110,000 in October 2024, up 3.9% from last year, and the median price per square foot was $75.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $34.9K | $64.4K | +84.8% |
| 2 Bedrooms | $83.5K | $80K | -4.2% |
| 3 Bedrooms | $115K | $120K | +4.3% |
| 4 Bedrooms | $120K | $132.5K | +10.4% |
| 5+ Bedrooms | $35K | $170K | +385.7% |
Summary: 16101 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 84.8%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 385.7%.
Housing Supply in 16101, PA
How many homes are available in 16101, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 176 | 174 | -1.1% |
Summary: The 16101 real estate market had 174 homes for sale in October 2024, a 1.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 41 | 43 | +4.9% |
| 3 Bedrooms | 98 | 97 | -1.0% |
| 4 Bedrooms | 31 | 31 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 16101 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 21 | -22.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16101, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 16101 in October 2024, down by 22.2% month-over-month. Of the 21 sold homes, 67% were sold under asking, 10% were sold at asking, and 24% were sold over asking.
Days on Market for 16101, PA
How long does it take to sell a home in 16101, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 56 Days | +6.6% |
Summary: Homes in 16101 had an average of 56 days on market in Oct 2024, up by 6.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 16101 has remained consistent over time.
Summary: During October 2024, 21 homes were sold in 16101; 29% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
