$889 Closing Credit*
$74,900
Jennifer Gonda-English, Listing Office: Exp Realty Llc
Is 16226, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$137,500
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$3,500(-2.5%)
Key Takeaway
Homes in 16226 have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in 16226 was $137,500 in December 2024, down 2.5% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $33K | N/A |
| 2 Bedrooms | $55K | $75K | +36.4% |
| 3 Bedrooms | $166.9K | $160K | -4.1% |
| 4 Bedrooms | $212K | $179.7K | -15.2% |
| 5+ Bedrooms | - | $193.5K | N/A |
Summary: 16226 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 36.4%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 16226 | $141K | $137.5K | -2.5% |
| 16201 | $165K | $155.5K | -5.8% |
Housing Supply in 16226, PA
How many homes are available in 16226, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 22 | 20 | -9.1% |
Summary: The 16226 real estate market had 20 homes for sale in December 2024, a 9.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 16226 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 decreased by 22.2%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 16226, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 16226 in December 2024, up by 250.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 74 Days | 48 Days | -35.6% |
Summary: Homes in 16226 had an average of 48 days on market in Dec 2024, down by 35.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 16226 has remained consistent over time.
Summary: During December 2024, 7 homes were sold in 16226; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
