Is 16657, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 16657 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 16657 was a Neutral Market.

Key Takeaway

16657 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 16657, PA

How much do homes in 16657, PA cost?

Median Sold Price

$310,000

$308/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$24,100(+8.4%)

Key Takeaway

Homes in 16657 have sold for 8.4% more than they did a month ago.

Summary: The median home sold price in 16657 was $310,000 in October 2024, up 8.4% from last month, and the median price per square foot was $308.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $285.9K$310K
+8.4%
4 --
N/A
5+ --
N/A

Summary: 16657 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 8.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 16657, PA

How many homes are available in 16657, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
54-20.0%

Summary: The 16657 real estate market had 4 homes for sale in October 2024, a 20.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 32
-33.3%
4 00
0.0%
5+ 11
0.0%

Summary: The 16657 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was 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 16657, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 16657 in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 16657, PA

How long does it take to sell a home in 16657, PA?

Average Sale Time

Sep 2024Oct 2024CHANGE
32 Days138 Days+331.3%

Summary: Homes in 16657 had an average of 138 days on market in Oct 2024, up by 331.3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were 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

Most homes in 16657 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in 16657; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 20 Days Ago

Newest Listings in 16657, PA

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