Is 16844, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 16844 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 16844 has remained a Buyer's Market.

Key Takeaway

16844 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 16844, PA

How much do homes in 16844, PA cost?

Median Sold Price

$285,000

$190/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$40,000(-12.3%)

Key Takeaway

Homes in 16844 have sold for 12.3% less than they did a month ago.

Summary: The median home sold price in 16844 was $285,000 in October 2024, down 12.3% from last month, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 -$285K
N/A
4 --
N/A
5+ $325K-
N/A

Summary: 16844 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 16844, PA

How many homes are available in 16844, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
880.0%

Summary: The 16844 real estate market had 8 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 44
0.0%
4 00
0.0%
5+ 32
-33.3%

Summary: The 16844 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 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

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 16844, 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 16844 in October 2024, the same as the previous 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 16844, PA

How long does it take to sell a home in 16844, PA?

Average Sale Time

Sep 2024Oct 2024CHANGE
21 Days3 Days-85.7%

Summary: Homes in 16844 had an average of 3 days on market in Oct 2024, down by 85.7% compared to last month.

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 16844 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in 16844; 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 20 Days Ago

Newest Listings in 16844, PA

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