$2,019 Closing Credit*
$170,000
3 Beds
•2 Full Baths
Lucy Wann, Listing Office: Coldwell Banker Realty
Is 16127, 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, 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
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,000(+2.9%)
Key Takeaway
Homes in 16127 have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in 16127 was $215,000 in October 2024, up 2.9% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $130K | N/A |
| 2 Bedrooms | $158.4K | $140K | -11.6% |
| 3 Bedrooms | $193.5K | $219.9K | +13.6% |
| 4 Bedrooms | $262.5K | $314.5K | +19.8% |
| 5+ Bedrooms | $372.5K | $362.5K | -2.7% |
Summary: 16127 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.6%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Zip Codes
| 16137 | $195K | $217.5K | +11.5% |
| 16127 | $209K | $215K | +2.9% |
Housing Supply in 16127, PA
How many homes are available in 16127, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 38 | -5.0% |
Summary: The 16127 real estate market had 38 homes for sale in October 2024, a 5.0% decrease 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 15 | 12 | -20.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 16127 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 decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16127, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 16127 in October 2024, up by 20.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 44 Days | +40.2% |
Summary: Homes in 16127 had an average of 44 days on market in Oct 2024, up by 40.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were 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 October 2024, 12 homes were sold in 16127; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
