Is 16150, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 16150 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $128K$115K
-10.2%
3 $183K$162.4K
-11.2%
4 $167.5K$170K
+1.5%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

16148
+13.3%
16146
+10.6%
16154
-5.4%
16150
-15.1%

Housing Supply in 16150, PA

How many homes are available in 16150, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3127-12.9%

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

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 1816
-11.1%
4 54
-20.0%
5+ 11
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 2024Oct 2024CHANGE
48+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
104 Days21 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

Breakdown of Home Sale Times

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.

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 16150, PA

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