Is 16874, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 16874 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 16874 has remained a Seller's Market.

Key Takeaway

16874 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 16874, PA

How much do homes in 16874, PA cost?

Median Sold Price

$250,000

$145/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$160,000(+177.8%)

Key Takeaway

Homes in 16874 have sold for 177.8% more than they did a month ago.

Summary: The median home sold price in 16874 was $250,000 in December 2024, up 177.8% from last month, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $90K$250K
+177.8%
4 --
N/A
5+ --
N/A

Summary: 16874 housing prices by bedroom type for December 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 increased by 177.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

16859
+338.2%
16874
+177.8%
16844
-19.0%

Housing Supply in 16874, PA

How many homes are available in 16874, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
32-33.3%

Summary: The 16874 real estate market had 2 homes for sale in December 2024, a 33.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 21
-50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 16874 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 decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 16874, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 16874 in December 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 16874, PA

How long does it take to sell a home in 16874, PA?

Average Sale Time

Nov 2024Dec 2024CHANGE
61 Days67 Days+9.8%

Summary: Homes in 16874 had an average of 67 days on market in Dec 2024, up by 9.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 16874 has remained consistent over time.

Summary: During December 2024, 1 homes were sold in 16874; 0% of homes were sold within 30 days, 100% 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 16874, PA

Nearby Markets to 16874, PA