Is 17042, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17042 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 17042 has remained a Seller's Market.

Key Takeaway

17042 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 17042, PA

How much do homes in 17042, PA cost?

Median Sold Price

$271,060

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,060(+8.4%)

Key Takeaway

Homes in 17042 have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in 17042 was $271,060 in November 2024, up 8.4% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $107K$240K
+124.3%
2 $194.3K$220K
+13.2%
3 $244.9K$251.2K
+2.6%
4 $345.5K$435K
+25.9%
5+ $478.5K$357K
-25.4%

Summary: 17042 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 124.3%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes decreased by 25.4%.

Median Sold Price Compared To Nearby Zip Codes

17046
+11.0%
17042
+8.4%
17003
+3.0%

Housing Supply in 17042, PA

How many homes are available in 17042, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
170157-7.6%

Summary: The 17042 real estate market had 157 homes for sale in November 2024, a 7.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 3331
-6.1%
3 8776
-12.6%
4 4143
+4.9%
5+ 86
-25.0%

Summary: The 17042 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 decreased by 6.1%, 3 bedroom homes decreased by 12.6%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4540-11.1%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 17042, expect to pay close to the asking price. 35% of homes here sold near the asking price last month.

Summary: A total of 40 homes were sold or pending in 17042 in November 2024, down by 11.1% month-over-month. Of the 40 sold homes, 30% were sold under asking, 35% were sold at asking, and 35% were sold over asking.

Days on Market for 17042, PA

How long does it take to sell a home in 17042, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
13 Days26 Days+99.5%

Summary: Homes in 17042 had an average of 26 days on market in Nov 2024, up by 99.5% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 17042 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 40 homes were sold in 17042; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% 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 17 Days Ago

Newest Listings in 17042, PA

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