$1,660 Closing Credit*
$139,750
2 Beds
•2 Full Baths
Jacob Ohl, Listing Office: Your Town Realty Llc
Is 16127, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 16127 has remained a Seller's Market.
Key Takeaway
16127 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16127, PA
How much do homes in 16127, PA cost?
Median Sold Price
$215,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$11,000(+5.4%)
Key Takeaway
Homes in 16127 have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in 16127 was $215,000 in December 2024, up 5.4% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $135K | $137.5K | +1.9% |
| 3 Bedrooms | $190.9K | $215.9K | +13.1% |
| 4 Bedrooms | $280K | $301.5K | +7.7% |
| 5+ Bedrooms | $310K | $487.5K | +57.3% |
Summary: 16127 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 57.3%.
Housing Supply in 16127, PA
How many homes are available in 16127, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 25 | 19 | -24.0% |
Summary: The 16127 real estate market had 19 homes for sale in December 2024, a 24.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 13 | 8 | -38.5% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 16127 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 38.5%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
5 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 16127, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 16127 in December 2024, down by 14.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for 16127, PA
How long does it take to sell a home in 16127, PA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 46 Days | 57 Days | +24.0% |
Summary: Homes in 16127 had an average of 57 days on market in Dec 2024, up by 24% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 16127 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 6 homes were sold in 16127; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
