$1,424 Closing Credit*
$119,900
3 Beds
•1 Full Bath
#76456, Listing Office: Perry Wellington Realty, LLC
Is 16601, 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, 16601 has remained a Seller's Market.
Key Takeaway
16601 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16601, PA
How much do homes in 16601, PA cost?
Median Sold Price
$136,000
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$3,350(+2.5%)
Key Takeaway
Homes in 16601 have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in 16601 was $136,000 in December 2024, up 2.5% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $71.5K | $94.7K | +32.5% |
| 2 Bedrooms | $122.5K | $129.9K | +6.0% |
| 3 Bedrooms | $133.9K | $139K | +3.8% |
| 4 Bedrooms | $144.5K | $192.4K | +33.2% |
| 5+ Bedrooms | $149K | $114K | -23.5% |
Summary: 16601 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.5%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 33.2%, and 5+ bedroom homes decreased by 23.5%.
Median Sold Price Compared To Nearby Zip Codes
| 16601 | $132.6K | $136K | +2.5% |
| 16648 | $235K | $239.9K | +2.1% |
| 16602 | $151K | $135K | -10.6% |
Housing Supply in 16601, PA
How many homes are available in 16601, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 102 | 92 | -9.8% |
Summary: The 16601 real estate market had 92 homes for sale in December 2024, a 9.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 66 | 60 | -9.1% |
| 4 Bedrooms | 19 | 15 | -21.1% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 16601 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 22 | 17 | -22.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16601, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 16601 in December 2024, down by 22.7% month-over-month. Of the 17 sold homes, 65% were sold under asking, 12% were sold at asking, and 24% were sold over asking.
Days on Market for 16601, PA
How long does it take to sell a home in 16601, PA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 41 Days | 30 Days | -27.7% |
Summary: Homes in 16601 had an average of 30 days on market in Dec 2024, down by 27.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 16601 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 17 homes were sold in 16601; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.