Is 17007, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17007 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 17007 was a Seller's Market.

Key Takeaway

17007 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 17007, PA

How much do homes in 17007, PA cost?

Median Sold Price

$371,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$44,200(-10.6%)

Key Takeaway

Homes in 17007 have sold for 10.6% less than they did a year ago.

Summary: The median home sold price in 17007 was $371,000 in November 2024, down 10.6% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $175K$175K
0.0%
3 $340K$360.5K
+6.0%
4 $450K$450.5K
0.1%
5+ $450K$578.7K
+28.6%

Summary: 17007 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 28.6%.

Median Sold Price Compared To Nearby Zip Codes

17055
+7.1%
17019
+2.9%
17015
-1.3%
17065
-3.8%
17007
-10.6%

Housing Supply in 17007, PA

How many homes are available in 17007, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2523-8.0%

Summary: The 17007 real estate market had 23 homes for sale in November 2024, a 8.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 109
-10.0%
4 108
-20.0%
5+ 44
0.0%

Summary: The 17007 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 17007, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 17007 in November 2024, down by 62.5% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 17007, PA

How long does it take to sell a home in 17007, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
14 Days3 Days-78.9%

Summary: Homes in 17007 had an average of 3 days on market in Nov 2024, down by 78.9% compared to last year.

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 17007 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 17007; 67% 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 17007, PA

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