$1,958 Closing Credit*
$164,900
3 Beds
•1 Full Bath
Judy Smith, Listing Office: Berkshire Hathaway The Preferred Realty
Is 16150, 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, 16150 has remained a Seller's Market.
Key Takeaway
16150 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16150, PA
How much do homes in 16150, PA cost?
Median Sold Price
$148,950
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$26,500(-15.1%)
Key Takeaway
Homes in 16150 have sold for 15.1% less than they did a year ago.
Summary: The median home sold price in 16150 was $148,950 in October 2024, down 15.1% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $128K | $115K | -10.2% |
| 3 Bedrooms | $183K | $162.4K | -11.2% |
| 4 Bedrooms | $167.5K | $170K | +1.5% |
| 5+ Bedrooms | $218.7K | $294.2K | +34.5% |
Summary: 16150 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 10.2%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 34.5%.
Housing Supply in 16150, PA
How many homes are available in 16150, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 27 | -12.9% |
Summary: The 16150 real estate market had 27 homes for sale in October 2024, a 12.9% 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 | 7 | 6 | -14.3% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 16150 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 14.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
3 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 16150, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 16150 in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for 16150, PA
How long does it take to sell a home in 16150, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 104 Days | 21 Days | -79.9% |
Summary: Homes in 16150 had an average of 21 days on market in Oct 2024, down by 79.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 16150 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 16150; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
