Is 16146, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 16146 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 16146 was a Seller's Market.

Key Takeaway

16146 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 16146, PA

How much do homes in 16146, PA cost?

Median Sold Price

$79,650

$62/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,650(+10.6%)

Key Takeaway

Homes in 16146 have sold for 10.6% more than they did a year ago.

Summary: The median home sold price in 16146 was $79,650 in October 2024, up 10.6% from last year, and the median price per square foot was $62.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$128.7K
N/A
2 $60K$65K
+8.3%
3 $72K$78.5K
+9.0%
4 $65K$127K
+95.4%
5+ $177.5K$165K
-7.0%

Summary: 16146 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 increased by 8.3%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 95.4%, and 5+ bedroom homes decreased by 7%.

Median Sold Price Compared To Nearby Zip Codes

16121
+26.0%
16148
+13.3%
16146
+10.6%
16150
-15.1%

Housing Supply in 16146, PA

How many homes are available in 16146, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8182+1.2%

Summary: The 16146 real estate market had 82 homes for sale in October 2024, a 1.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 1814
-22.2%
3 4651
+10.9%
4 1112
+9.1%
5+ 44
0.0%

Summary: The 16146 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
812+50.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 16146, 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 16146 in October 2024, up by 50.0% 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 16146, PA

How long does it take to sell a home in 16146, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
42 Days50 Days+20.4%

Summary: Homes in 16146 had an average of 50 days on market in Oct 2024, up by 20.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 16146 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in 16146; 42% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 16146, PA

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