$3,456 Closing Credit*
$291,000
3 Beds
•2 Full Baths
Chad Forsythe, Listing Office: Berkshire Hathaway The Preferred Realty
Is 16125, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 16125 was a Seller's Market.
Key Takeaway
16125 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 16125, PA
How much do homes in 16125, PA cost?
Median Sold Price
$125,000
$70/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,000(+2.5%)
Key Takeaway
Homes in 16125 have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in 16125 was $125,000 in November 2024, up 2.5% from last year, and the median price per square foot was $70.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $46.2K | $77K | +66.5% |
| 2 Bedrooms | $95K | $100.7K | +6.0% |
| 3 Bedrooms | $126.5K | $129K | +2.0% |
| 4 Bedrooms | $146K | $145K | -0.7% |
| 5+ Bedrooms | $407.5K | $163K | -60.0% |
Summary: 16125 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.5%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 60%.
Median Sold Price Compared To Nearby Zip Codes
| 16125 | $122K | $125K | +2.5% |
| 16154 | $280K | $279.9K | 0% |
Housing Supply in 16125, PA
How many homes are available in 16125, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 60 | -1.6% |
Summary: The 16125 real estate market had 60 homes for sale in November 2024, a 1.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 35 | 37 | +5.7% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 16125 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 16125, expect to pay close to the asking price. 71.4% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in 16125 in November 2024, down by 36.4% month-over-month. Of the 7 sold homes, 14% were sold under asking, 71% were sold at asking, and 14% were sold over asking.
Days on Market for 16125, PA
How long does it take to sell a home in 16125, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 70 Days | 41 Days | -41.5% |
Summary: Homes in 16125 had an average of 41 days on market in Nov 2024, down by 41.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 16125 has remained consistent over time.
Summary: During November 2024, 7 homes were sold in 16125; 29% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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