Is 17048, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17048 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 17048 has remained a Seller's Market.

Key Takeaway

17048 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 17048, PA

How much do homes in 17048, PA cost?

Median Sold Price

$133,000

$65/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$105,600(-44.3%)

Key Takeaway

Homes in 17048 have sold for 44.3% less than they did a month ago.

Summary: The median home sold price in 17048 was $133,000 in October 2024, down 44.3% from last month, and the median price per square foot was $65.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $279.9K$133K
-52.5%
4 -$124.8K
N/A
5+ $159.9K-
N/A

Summary: 17048 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 52.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 17048, PA

How many homes are available in 17048, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
128-33.3%

Summary: The 17048 real estate market had 8 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 00
0.0%
3 65
-16.7%
4 53
-40.0%
5+ 10
-100.0%

Summary: The 17048 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

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 17048, 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 17048 in October 2024, down by 25.0% 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 17048, PA

How long does it take to sell a home in 17048, PA?

Average Sale Time

Sep 2024Oct 2024CHANGE
8 Days63 Days+641.2%

Summary: Homes in 17048 had an average of 63 days on market in Oct 2024, up by 641.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 17048 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 17048; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 14 Days Ago

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