Is 16229, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 16229 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 16229 has remained a Seller's Market.

Key Takeaway

16229 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 16229, PA

How much do homes in 16229, PA cost?

Median Sold Price

$189,250

$93/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$115,750(-38.0%)

Key Takeaway

Homes in 16229 have sold for 38% less than they did a month ago.

Summary: The median home sold price in 16229 was $189,250 in October 2024, down 38% from last month, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $221.5K$331.5K
+49.7%
4 $328K$47K
-85.7%
5+ --
N/A

Summary: 16229 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 49.7%, 4 bedroom homes decreased by 85.7%, and 5+ bedroom homes did not change.

Housing Supply in 16229, PA

How many homes are available in 16229, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1311-15.4%

Summary: The 16229 real estate market had 11 homes for sale in October 2024, a 15.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 75
-28.6%
4 33
0.0%
5+ 11
0.0%

Summary: The 16229 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 remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 16229, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 16229 in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 16229, PA

How long does it take to sell a home in 16229, PA?

Average Sale Time

Sep 2024Oct 2024CHANGE
8 Days91 Days+1037.5%

Summary: Homes in 16229 had an average of 91 days on market in Oct 2024, up by 1037.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 16229 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 16229; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 16229, PA

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