Is 16159, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 16159 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 16159 was a Seller's Market.

Key Takeaway

16159 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 16159, PA

How much do homes in 16159, PA cost?

Median Sold Price

$190,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,000(+11.1%)

Key Takeaway

Homes in 16159 have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in 16159 was $190,000 in November 2024, up 11.1% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$176.2K
N/A
2 $132.5K$205K
+54.7%
3 $158.5K$195K
+23.0%
4 $241.5K$262.5K
+8.7%
5+ $272.6K-
N/A

Summary: 16159 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 increased by 54.7%, 3 bedroom homes increased by 23%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

16121
+11.5%
16159
+11.1%
16146
+7.3%

Housing Supply in 16159, PA

How many homes are available in 16159, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
89+12.5%

Summary: The 16159 real estate market had 9 homes for sale in November 2024, a 12.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 34
+33.3%
4 44
0.0%
5+ 00
0.0%

Summary: The 16159 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 increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 16159, 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 16159 in November 2024, up by 100.0% 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 16159, PA

How long does it take to sell a home in 16159, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
65 Days24 Days-63.1%

Summary: Homes in 16159 had an average of 24 days on market in Nov 2024, down by 63.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 16159 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 16159; 100% of homes were sold within 30 days, 0% 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 21 Days Ago

Newest Listings in 16159, PA

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