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 November 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

$279,901

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$99(0%)

Key Takeaway

The sold price of homes in 16154 has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $255K$62K
-75.7%
3 $280K$279.9K
0%
4 $290K$350K
+20.7%
5+ $1.8M$535K
-71.1%

Summary: 16154 housing prices by bedroom type for November 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 did not change, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes decreased by 71.1%.

Median Sold Price Compared To Nearby Zip Codes

16125
+2.5%
16154
0%
16150
-14.3%

Housing Supply in 16154, PA

How many homes are available in 16154, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
65-16.7%

Summary: The 16154 real estate market had 5 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 42
-50.0%
4 01
+100.0%
5+ 22
0.0%

Summary: The 16154 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 16154, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in 16154 in November 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Nov 2023Nov 2024CHANGE
33 Days32 Days-1.5%

Summary: Homes in 16154 had an average of 32 days on market in Nov 2024, down by 1.5% 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 November 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 22 Days Ago

Newest Listings in 16154, PA

Nearby Markets to 16154, PA