Is 17059, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17059 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 17059 was a Neutral Market.

Key Takeaway

17059 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 17059, PA

How much do homes in 17059, PA cost?

Median Sold Price

$200,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,500(+14.6%)

Key Takeaway

Homes in 17059 have sold for 14.6% more than they did a year ago.

Summary: The median home sold price in 17059 was $200,000 in November 2024, up 14.6% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $140K$124K
-11.4%
3 $174.5K$200K
+14.6%
4 $160K$218.4K
+36.5%
5+ $305K-
N/A

Summary: 17059 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 decreased by 11.4%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 36.5%, and 5+ bedroom homes did not change.

Housing Supply in 17059, PA

How many homes are available in 17059, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
19190.0%

Summary: The 17059 real estate market had 19 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1212
0.0%
4 32
-33.3%
5+ 33
0.0%

Summary: The 17059 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 remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 17059, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in 17059 in November 2024, up by 100.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.

Days on Market for 17059, PA

How long does it take to sell a home in 17059, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
84 Days18 Days-78.1%

Summary: Homes in 17059 had an average of 18 days on market in Nov 2024, down by 78.1% compared to last year.

Breakdown of Home Sale Times

4 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

Many homes in 17059 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in 17059; 67% of homes were sold within 30 days, 17% 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

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