$4,691 Closing Credit*
$395,000
1,620 SqFt
3 Beds
•2 Full Baths
Sandra Stover, Listing Office: Kissinger, Bigatel & Brower
Is 16801, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 16801 has remained a Seller's Market.
Key Takeaway
16801 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16801, PA
How much do homes in 16801, PA cost?
Median Sold Price
$407,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,000(+4.9%)
Key Takeaway
Homes in 16801 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 16801 was $407,000 in October 2024, up 4.9% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192.5K | $215K | +11.7% |
| 2 Bedrooms | $256K | $290K | +13.3% |
| 3 Bedrooms | $365K | $387.5K | +6.2% |
| 4 Bedrooms | $505K | $517.5K | +2.5% |
| 5+ Bedrooms | $625K | $559.9K | -10.4% |
Summary: 16801 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 10.4%.
Median Sold Price Compared To Nearby Zip Codes
| 16827 | $396.6K | $430K | +8.4% |
| 16801 | $388K | $407K | +4.9% |
| 16803 | $441K | $385K | -12.7% |
Housing Supply in 16801, PA
How many homes are available in 16801, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 93 | 86 | -7.5% |
Summary: The 16801 real estate market had 86 homes for sale in October 2024, a 7.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 29 | 29 | 0.0% |
| 4 Bedrooms | 37 | 28 | -24.3% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The 16801 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 18.2%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 24.3%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 16801, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 16801 in October 2024, down by 13.0% month-over-month. Of the 20 sold homes, 70% were sold under asking, 5% were sold at asking, and 25% were sold over asking.
Days on Market for 16801, PA
How long does it take to sell a home in 16801, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 42 Days | +98.0% |
Summary: Homes in 16801 had an average of 42 days on market in Oct 2024, up by 98% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 16801 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in 16801; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
