Is 16651, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 16651 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 16651 has remained a Seller's Market.

Key Takeaway

16651 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 16651, PA

How much do homes in 16651, PA cost?

Median Sold Price

$206,000

$101/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$94,000(+83.9%)

Key Takeaway

Homes in 16651 have sold for 83.9% more than they did a month ago.

Summary: The median home sold price in 16651 was $206,000 in November 2024, up 83.9% from last month, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $95K-
N/A
3 $112K$137K
+22.3%
4 $225.6K-
N/A
5+ -$405K
N/A

Summary: 16651 housing prices by bedroom type for November 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 22.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

16666
+638.1%
16651
+83.9%

Housing Supply in 16651, PA

How many homes are available in 16651, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1512-20.0%

Summary: The 16651 real estate market had 12 homes for sale in November 2024, a 20.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 88
0.0%
4 32
-33.3%
5+ 32
-33.3%

Summary: The 16651 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 16651, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 16651 in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 16651, PA

How long does it take to sell a home in 16651, PA?

Average Sale Time

Oct 2024Nov 2024CHANGE
62 Days85 Days+36.8%

Summary: Homes in 16651 had an average of 85 days on market in Nov 2024, up by 36.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 16651 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 4 homes were sold in 16651; 25% of homes were sold within 30 days, 25% 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 16651, PA

Nearby Markets to 16651, PA