Is 16666, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 16666 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 16666 was a Neutral Market.

Key Takeaway

16666 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 16666, PA

How much do homes in 16666, PA cost?

Median Sold Price

$107,500

$84/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$28,500(-21.0%)

Key Takeaway

Homes in 16666 have sold for 21% less than they did a year ago.

Summary: The median home sold price in 16666 was $107,500 in October 2024, down 21% from last year, and the median price per square foot was $84.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $71.4K$128.9K
+80.6%
3 $136K$83.5K
-38.6%
4 $168K$232.4K
+38.4%
5+ --
N/A

Summary: 16666 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 80.6%, 3 bedroom homes decreased by 38.6%, 4 bedroom homes increased by 38.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

16866
+18.4%
16666
-21.0%

Housing Supply in 16666, PA

How many homes are available in 16666, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
68+33.3%

Summary: The 16666 real estate market had 8 homes for sale in October 2024, a 33.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 56
+20.0%
4 01
+100.0%
5+ 00
0.0%

Summary: The 16666 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 increased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
01+100.0%

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 16666, 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 16666 in October 2024, up by 100.0% month-over-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 16666, PA

How long does it take to sell a home in 16666, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
52 Days75 Days+44.2%

Summary: Homes in 16666 had an average of 75 days on market in Oct 2024, up by 44.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was 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 16666 has remained consistent over time.

Summary: During October 2024, 1 homes were sold in 16666; 0% of homes were sold within 30 days, 100% 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 21 Days Ago

Newest Listings in 16666, PA

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