$261 Closing Credit*
$22,000
Rose Turuck, Listing Office: Berkshire Hathaway The Preferred Realty
Is 16121, 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, 16121 has remained a Buyer's Market.
Key Takeaway
16121 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 16121, PA
How much do homes in 16121, PA cost?
Median Sold Price
$83,499
$79/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,249(+26.0%)
Key Takeaway
Homes in 16121 have sold for 26% more than they did a year ago.
Summary: The median home sold price in 16121 was $83,499 in October 2024, up 26% from last year, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $38K | $32.5K | -14.5% |
| 2 Bedrooms | $67.6K | $87K | +28.7% |
| 3 Bedrooms | $65K | $75K | +15.4% |
| 4 Bedrooms | $77.5K | $105K | +35.5% |
| 5+ Bedrooms | $40K | $150K | +275.0% |
Summary: 16121 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.5%, 2 bedroom homes increased by 28.7%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 35.5%, and 5+ bedroom homes increased by 275%.
Housing Supply in 16121, PA
How many homes are available in 16121, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 37 | +19.4% |
Summary: The 16121 real estate market had 37 homes for sale in October 2024, a 19.4% 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 | 8 | +60.0% |
| 3 Bedrooms | 22 | 25 | +13.6% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 16121 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 increased by 60%, 3 bedroom homes increased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16121, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 16121 in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 16121, PA
How long does it take to sell a home in 16121, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 52 Days | +35.1% |
Summary: Homes in 16121 had an average of 52 days on market in Oct 2024, up by 35.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 16121 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 16121; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.