$6,163 Closing Credit*
$519,000
3 Beds
•2 Full Baths
#76496, Listing Office: Re/max Results Realty Group
Is 16648, 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, 16648 has remained a Seller's Market.
Key Takeaway
16648 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16648, PA
How much do homes in 16648, PA cost?
Median Sold Price
$239,900
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$4,900(+2.1%)
Key Takeaway
Homes in 16648 have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in 16648 was $239,900 in December 2024, up 2.1% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $127K | N/A |
| 2 Bedrooms | $178.4K | $167.5K | -6.1% |
| 3 Bedrooms | $228.5K | $230K | +0.7% |
| 4 Bedrooms | $430.1K | $355.5K | -17.4% |
| 5+ Bedrooms | $418.4K | $380K | -9.2% |
Summary: 16648 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 decreased by 6.1%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes decreased by 9.2%.
Median Sold Price Compared To Nearby Zip Codes
| 16635 | $222.3K | $228.7K | +2.9% |
| 16648 | $235K | $239.9K | +2.1% |
| 16602 | $151K | $135K | -10.6% |
Housing Supply in 16648, PA
How many homes are available in 16648, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 48 | 40 | -16.7% |
Summary: The 16648 real estate market had 40 homes for sale in December 2024, a 16.7% 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 | 13 | 11 | -15.4% |
| 3 Bedrooms | 28 | 24 | -14.3% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 16648 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 15.4%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 16648, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 16648 in December 2024, down by 27.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for 16648, PA
How long does it take to sell a home in 16648, PA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 62 Days | 31 Days | -49.2% |
Summary: Homes in 16648 had an average of 31 days on market in Dec 2024, down by 49.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 16648 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 8 homes were sold in 16648; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
