Is 17062, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17062 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 17062 was a Buyer's Market.

Key Takeaway

17062 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 17062, PA

How much do homes in 17062, PA cost?

Median Sold Price

$210,000

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$13,500(-6.0%)

Key Takeaway

Homes in 17062 have sold for 6% less than they did a year ago.

Summary: The median home sold price in 17062 was $210,000 in October 2024, down 6% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $89K-
N/A
2 $215.5K$161.5K
-25.1%
3 $174.9K$210K
+20.1%
4 $344.9K$311.5K
-9.7%
5+ $814.5K-
N/A

Summary: 17062 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25.1%, 3 bedroom homes increased by 20.1%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

17049
+60.3%
17094
+23.4%
17045
-5.7%
17062
-6.0%
17074
-27.6%

Housing Supply in 17062, PA

How many homes are available in 17062, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
990.0%

Summary: The 17062 real estate market had 9 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 55
0.0%
4 10
-100.0%
5+ 00
0.0%

Summary: The 17062 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

0 Homes Were 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 17062, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 17062 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 17062, PA

How long does it take to sell a home in 17062, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
47 Days18 Days-61.7%

Summary: Homes in 17062 had an average of 18 days on market in Oct 2024, down by 61.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 17062 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 17062; 50% of homes were sold within 30 days, 50% 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 17 Days Ago

Newest Listings in 17062, PA

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