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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 16666 is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 16666 was a Buyer's Market.

Key Takeaway

16666 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 16666, PA

How much do homes in 16666, PA cost?

Median Sold Price

$115,000

$84/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$10,550(+10.1%)

Key Takeaway

Homes in 16666 have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in 16666 was $115,000 in December 2024, up 10.1% from last year, and the median price per square foot was $84.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $85.7K$93.9K
+9.6%
3 $108.9K$82K
-24.7%
4 $168K$232.4K
+38.4%
5+ --
N/A

Summary: 16666 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 increased by 9.6%, 3 bedroom homes decreased by 24.7%, 4 bedroom homes increased by 38.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

16866
+12.6%
16666
+10.1%

Housing Supply in 16666, PA

How many homes are available in 16666, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
87-12.5%

Summary: The 16666 real estate market had 7 homes for sale in December 2024, a 12.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 65
-16.7%
4 11
0.0%
5+ 00
0.0%

Summary: The 16666 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 16666 in December 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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

Dec 2023Dec 2024CHANGE
57 Days231 Days+306.1%

Summary: Homes in 16666 had an average of 231 days on market in Dec 2024, up by 306.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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 December 2024, 2 homes were sold in 16666; 0% of homes were sold within 30 days, 50% 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 2 Days Ago

Newest Listings in 16666, PA

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