Is 16803, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 16803 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 16803 has remained a Seller's Market.

Key Takeaway

16803 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 16803, PA

How much do homes in 16803, PA cost?

Median Sold Price

$385,000

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$56,000(-12.7%)

Key Takeaway

Homes in 16803 have sold for 12.7% less than they did a year ago.

Summary: The median home sold price in 16803 was $385,000 in October 2024, down 12.7% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $232.2K$200K
-13.9%
2 $254.4K$249K
-2.1%
3 $384.9K$335K
-13.0%
4 $544.9K$459.5K
-15.7%
5+ $695K$715K
+2.9%

Summary: 16803 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.9%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 15.7%, and 5+ bedroom homes increased by 2.9%.

Median Sold Price Compared To Nearby Zip Codes

16801
+4.9%
16870
0.5%
16803
-12.7%

Housing Supply in 16803, PA

How many homes are available in 16803, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5452-3.7%

Summary: The 16803 real estate market had 52 homes for sale in October 2024, a 3.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 2221
-4.5%
4 2218
-18.2%
5+ 68
+33.3%

Summary: The 16803 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 increased by 25%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1013+30.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 16803, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.

Summary: A total of 13 homes were sold or pending in 16803 in October 2024, up by 30.0% month-over-month. Of the 13 sold homes, 31% were sold under asking, 46% were sold at asking, and 23% were sold over asking.

Days on Market for 16803, PA

How long does it take to sell a home in 16803, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days16 Days+10.8%

Summary: Homes in 16803 had an average of 16 days on market in Oct 2024, up by 10.8% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 16803 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 13 homes were sold in 16803; 85% of homes were sold within 30 days, 15% 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 4 Days Ago

Newest Listings in 16803, PA

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