Is 16226, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 16226 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 -$33K
N/A
2 $55.5K$71.4K
+28.7%
3 $140K$172.5K
+23.2%
4 $212K$217K
+2.4%
5+ -$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
+19.3%
16201
+3.2%

Housing Supply in 16226, PA

How many homes are available in 16226, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2425+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

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 109
-10.0%
3 1011
+10.0%
4 45
+25.0%
5+ 00
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 2024Oct 2024CHANGE
35+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
62 Days18 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 16226, PA

Nearby Markets to 16226, PA