Is 16858, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 16858 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 16858 has remained a Seller's Market.

Key Takeaway

16858 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 16858, PA

How much do homes in 16858, PA cost?

Median Sold Price

$113,250

$59/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$93,000(-45.1%)

Key Takeaway

Homes in 16858 have sold for 45.1% less than they did a month ago.

Summary: The median home sold price in 16858 was $113,250 in October 2024, down 45.1% from last month, and the median price per square foot was $59.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $163.7K-
N/A
3 $225K$113.2K
-49.7%
4 $329.5K-
N/A
5+ --
N/A

Summary: 16858 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 decreased by 49.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 16858, PA

How many homes are available in 16858, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
96-33.3%

Summary: The 16858 real estate market had 6 homes for sale in October 2024, a 33.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 43
-25.0%
4 33
0.0%
5+ 00
0.0%

Summary: The 16858 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 decreased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was 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 16858, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 16858 in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 16858, PA

How long does it take to sell a home in 16858, PA?

Average Sale Time

Sep 2024Oct 2024CHANGE
90 Days13 Days-85.7%

Summary: Homes in 16858 had an average of 13 days on market in Oct 2024, down by 85.7% compared to last month.

Breakdown of Home Sale Times

2 Homes Were 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 16858 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 16858; 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 16858, PA

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