$1,366 Closing Credit*
$115,000
1,568 SqFt
3 Beds
•1 Full Bath, 1 Partial
Michael A. DePalma, Listing Office: Real Estate Pros & More
Is 16701, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 16701 has remained a Neutral Market.
Key Takeaway
16701 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 16701, PA
How much do homes in 16701, PA cost?
Median Sold Price
$64,000
$42/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$48,450(-43.1%)
Key Takeaway
Homes in 16701 have sold for 43.1% less than they did a month ago.
Summary: The median home sold price in 16701 was $64,000 in November 2024, down 43.1% from last month, and the median price per square foot was $42.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $85.4K | $136K | +59.2% |
| 3 Bedrooms | $139.9K | - | N/A |
| 4 Bedrooms | $129.9K | $56.5K | -56.5% |
| 5+ Bedrooms | - | $64K | N/A |
Summary: 16701 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 increased by 59.2%, 3 bedroom homes did not change, 4 bedroom homes decreased by 56.5%, and 5+ bedroom homes did not change.
Housing Supply in 16701, PA
How many homes are available in 16701, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 35 | -5.4% |
Summary: The 16701 real estate market had 35 homes for sale in November 2024, a 5.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 16701 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 33.3%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16701, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 16701 in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for 16701, PA
How long does it take to sell a home in 16701, PA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 17 Days | -40.7% |
Summary: Homes in 16701 had an average of 17 days on market in Nov 2024, down by 40.7% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 16701 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in 16701; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
