$2,611 Closing Credit*
$219,900
1,307 SqFt
4 Beds
•2 Full Baths
Shane Smith, Listing Office: Coldwell Banker Realty
Is 16157, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 16157 was a Neutral Market.
Key Takeaway
16157 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16157, PA
How much do homes in 16157, PA cost?
Median Sold Price
$170,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$6,560(+4.0%)
Key Takeaway
Homes in 16157 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 16157 was $170,000 in December 2024, up 4% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | - | N/A |
| 2 Bedrooms | $80K | $174.5K | +118.1% |
| 3 Bedrooms | $199K | $170K | -14.6% |
| 4 Bedrooms | $156.8K | $143.7K | -8.4% |
| 5+ Bedrooms | - | $218.5K | N/A |
Summary: 16157 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 118.1%, 3 bedroom homes decreased by 14.6%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 16117 | $156.5K | $165K | +5.4% |
| 16157 | $163.4K | $170K | +4.0% |
Housing Supply in 16157, PA
How many homes are available in 16157, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Summary: The 16157 real estate market had 5 homes for sale in December 2024, a 37.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 16157 housing inventory by bedroom type for December 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 66.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16157, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 16157 in December 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 16157, PA
How long does it take to sell a home in 16157, PA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 9 Days | 59 Days | +555.6% |
Summary: Homes in 16157 had an average of 59 days on market in Dec 2024, up by 555.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 16157 has remained consistent over time.
Summary: During December 2024, 1 homes were sold in 16157; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
