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 21 Days Ago

Newest Listings in 16858, PA

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