Is 16652, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 16652 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 16652 has remained a Seller's Market.

Key Takeaway

16652 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 16652, PA

How much do homes in 16652, PA cost?

Median Sold Price

$175,000

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$15,000(+9.4%)

Key Takeaway

Homes in 16652 have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in 16652 was $175,000 in December 2024, up 9.4% from last year, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $250K-
N/A
2 $154.9K$119.9K
-22.6%
3 $155K$175K
+12.9%
4 $160K$160K
0.0%
5+ $170K$213.5K
+25.6%

Summary: 16652 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 22.6%, 3 bedroom homes increased by 12.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 25.6%.

Housing Supply in 16652, PA

How many homes are available in 16652, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1716-5.9%

Summary: The 16652 real estate market had 16 homes for sale in December 2024, a 5.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 41
-75.0%
3 56
+20.0%
4 55
0.0%
5+ 23
+50.0%

Summary: The 16652 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 75%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

3 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 16652, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 16652 in December 2024, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 16652, PA

How long does it take to sell a home in 16652, PA?

Average Sale Time

Dec 2023Dec 2024CHANGE
5 Days62 Days+1039.4%

Summary: Homes in 16652 had an average of 62 days on market in Dec 2024, up by 1039.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 16652 has remained consistent over time.

Summary: During December 2024, 3 homes were sold in 16652; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

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