$1,424 Closing Credit*
$119,900
1,424 SqFt
2 Beds
•2 Full Baths
Tyler Thompson - The Tyler Thompson Group, Listing Office: Realty One Group Landmark
Is 16226, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 16226 has remained a Seller's Market.
Key Takeaway
16226 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16226, PA
How much do homes in 16226, PA cost?
Median Sold Price
$143,000
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,100(+19.3%)
Key Takeaway
Homes in 16226 have sold for 19.3% more than they did a year ago.
Summary: The median home sold price in 16226 was $143,000 in October 2024, up 19.3% from last year, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $33K | N/A |
| 2 Bedrooms | $55.5K | $71.4K | +28.7% |
| 3 Bedrooms | $140K | $172.5K | +23.2% |
| 4 Bedrooms | $212K | $217K | +2.4% |
| 5+ Bedrooms | - | $193.5K | N/A |
Summary: 16226 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 28.7%, 3 bedroom homes increased by 23.2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 16226 | $119.9K | $143K | +19.3% |
| 16201 | $157.5K | $162.5K | +3.2% |
Housing Supply in 16226, PA
How many homes are available in 16226, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 25 | +4.2% |
Summary: The 16226 real estate market had 25 homes for sale in October 2024, a 4.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 16226 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 10%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16226, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 16226 in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for 16226, PA
How long does it take to sell a home in 16226, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 62 Days | 18 Days | -69.8% |
Summary: Homes in 16226 had an average of 18 days on market in Oct 2024, down by 69.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 16226 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 16226; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
