Is 16154, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 16154 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 16154 was a Neutral Market.

Key Takeaway

16154 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 16154, PA

How much do homes in 16154, PA cost?

Median Sold Price

$269,500

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$15,500(-5.4%)

Key Takeaway

Homes in 16154 have sold for 5.4% less than they did a year ago.

Summary: The median home sold price in 16154 was $269,500 in October 2024, down 5.4% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $255K$62K
-75.7%
3 $285K$269K
-5.6%
4 $290K$350K
+20.7%
5+ $1.8M-
N/A

Summary: 16154 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 75.7%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

16125
+2.5%
16154
-5.4%
16150
-15.1%

Housing Supply in 16154, PA

How many homes are available in 16154, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
76-14.3%

Summary: The 16154 real estate market had 6 homes for sale in October 2024, a 14.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 44
0.0%
4 11
0.0%
5+ 21
-50.0%

Summary: The 16154 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 16154, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 16154 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 16154, PA

How long does it take to sell a home in 16154, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
59 Days44 Days-25.4%

Summary: Homes in 16154 had an average of 44 days on market in Oct 2024, down by 25.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 16154 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 16154; 50% of homes were sold within 30 days, 50% 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 5 Days Ago

Newest Listings in 16154, PA

Nearby Markets to 16154, PA