$3,028 Closing Credit*
$255,000
1,191 SqFt
3 Beds
•2 Full Baths, 1 Partial
Kelli Verosky, Listing Office: Re/Max Select Realty
Is 16201, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 16201 was a Seller's Market.
Key Takeaway
16201 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 16201, PA
How much do homes in 16201, PA cost?
Median Sold Price
$162,514
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,014(+3.2%)
Key Takeaway
Homes in 16201 have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in 16201 was $162,514 in October 2024, up 3.2% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $40.9K | N/A |
| 2 Bedrooms | $76K | $139K | +82.9% |
| 3 Bedrooms | $174.9K | $178K | +1.7% |
| 4 Bedrooms | $185K | $258.5K | +39.7% |
| 5+ Bedrooms | $219.9K | $151.3K | -31.2% |
Summary: 16201 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 increased by 82.9%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 39.7%, and 5+ bedroom homes decreased by 31.2%.
Median Sold Price Compared To Nearby Zip Codes
| 16226 | $119.9K | $143K | +19.3% |
| 16201 | $157.5K | $162.5K | +3.2% |
Housing Supply in 16201, PA
How many homes are available in 16201, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 49 | +14.0% |
Summary: The 16201 real estate market had 49 homes for sale in October 2024, a 14.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 23 | 27 | +17.4% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 16201 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 16.7%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16201, 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 16201 in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for 16201, PA
How long does it take to sell a home in 16201, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 61 Days | +76.0% |
Summary: Homes in 16201 had an average of 61 days on market in Oct 2024, up by 76% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 16201 has remained consistent over time.
Summary: During October 2024, 8 homes were sold in 16201; 13% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
