$2,968 Closing Credit*
$249,900
3 Beds
•2 Full Baths
Paul Cowie, Listing Office: Your Town Realty Llc
Is 16125, 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, 16125 has remained a Seller's Market.
Key Takeaway
16125 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16125, PA
How much do homes in 16125, PA cost?
Median Sold Price
$125,000
$72/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 October 2024, up 2.5% from last year, and the median price per square foot was $72.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $46.2K | $77K | +66.5% |
| 2 Bedrooms | $96K | $90.1K | -6.1% |
| 3 Bedrooms | $126.5K | $135K | +6.7% |
| 4 Bedrooms | $146K | $125K | -14.4% |
| 5+ Bedrooms | $425K | $167.7K | -60.5% |
Summary: 16125 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.5%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 14.4%, and 5+ bedroom homes decreased by 60.5%.
Median Sold Price Compared To Nearby Zip Codes
| 16125 | $122K | $125K | +2.5% |
| 16154 | $285K | $269.5K | -5.4% |
Housing Supply in 16125, PA
How many homes are available in 16125, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 62 | +5.1% |
Summary: The 16125 real estate market had 62 homes for sale in October 2024, a 5.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 33 | 36 | +9.1% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 16125 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16125, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 16125 in October 2024, up by 37.5% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 62 Days | +37.3% |
Summary: Homes in 16125 had an average of 62 days on market in Oct 2024, up by 37.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 16125 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in 16125; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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