Is 17053, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17053 is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 17053 was a Neutral Market.

Key Takeaway

17053 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 17053, PA

How much do homes in 17053, PA cost?

Median Sold Price

$271,561

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$36,561(+15.6%)

Key Takeaway

Homes in 17053 have sold for 15.6% more than they did a year ago.

Summary: The median home sold price in 17053 was $271,561 in December 2024, up 15.6% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $289.2K$135K
-53.3%
3 $230K$270K
+17.4%
4 $240K$490K
+104.2%
5+ $110K$345K
+213.6%

Summary: 17053 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 53.3%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 104.2%, and 5+ bedroom homes increased by 213.6%.

Median Sold Price Compared To Nearby Zip Codes

17053
+15.6%
17110
+9.9%
17020
+7.3%
17025
+6.3%
17090
-2.8%

Housing Supply in 17053, PA

How many homes are available in 17053, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1312-7.7%

Summary: The 17053 real estate market had 12 homes for sale in December 2024, a 7.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 45
+25.0%
4 87
-12.5%
5+ 10
-100.0%

Summary: The 17053 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 increased by 25%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 17053, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 17053 in December 2024, up by 200.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for 17053, PA

How long does it take to sell a home in 17053, PA?

Average Sale Time

Dec 2023Dec 2024CHANGE
29 Days40 Days+39.7%

Summary: Homes in 17053 had an average of 40 days on market in Dec 2024, up by 39.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 17053 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 6 homes were sold in 17053; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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 5 Days Ago

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