Is 16827, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 16827 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 16827 was a Seller's Market.

Key Takeaway

16827 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 16827, PA

How much do homes in 16827, PA cost?

Median Sold Price

$458,500

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$63,500(+16.1%)

Key Takeaway

Homes in 16827 have sold for 16.1% more than they did a year ago.

Summary: The median home sold price in 16827 was $458,500 in December 2024, up 16.1% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$900K
N/A
2 $395K$358.5K
-9.2%
3 $352K$391.2K
+11.2%
4 $403.2K$584.9K
+45.0%
5+ $711K$612.5K
-13.8%

Summary: 16827 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 decreased by 9.2%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 45%, and 5+ bedroom homes decreased by 13.8%.

Median Sold Price Compared To Nearby Zip Codes

16827
+16.1%
16828
+15.1%
16823
+9.2%
16801
+7.3%

Housing Supply in 16827, PA

How many homes are available in 16827, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
11110.0%

Summary: The 16827 real estate market had 11 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 44
0.0%
4 53
-40.0%
5+ 24
+100.0%

Summary: The 16827 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 remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were 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 16827, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 16827 in December 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 16827, PA

How long does it take to sell a home in 16827, PA?

Average Sale Time

Dec 2023Dec 2024CHANGE
12 Days5 Days-58.3%

Summary: Homes in 16827 had an average of 5 days on market in Dec 2024, down by 58.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 16827 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in 16827; 100% of homes were sold within 30 days, 0% 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 16827, PA

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