Is 17074, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17074 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 17074 has remained a Seller's Market.

Key Takeaway

17074 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 17074, PA

How much do homes in 17074, PA cost?

Median Sold Price

$209,950

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$80,050(-27.6%)

Key Takeaway

Homes in 17074 have sold for 27.6% less than they did a year ago.

Summary: The median home sold price in 17074 was $209,950 in October 2024, down 27.6% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $160K$124K
-22.5%
3 $293.5K$214.9K
-26.8%
4 $284.8K$274.7K
-3.5%
5+ $333K$452.4K
+35.9%

Summary: 17074 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 22.5%, 3 bedroom homes decreased by 26.8%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 35.9%.

Median Sold Price Compared To Nearby Zip Codes

17020
+9.0%
17062
-6.0%
17074
-27.6%

Housing Supply in 17074, PA

How many homes are available in 17074, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1713-23.5%

Summary: The 17074 real estate market had 13 homes for sale in October 2024, a 23.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 53
-40.0%
4 85
-37.5%
5+ 21
-50.0%

Summary: The 17074 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 100%, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 17074, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 17074 in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for 17074, PA

How long does it take to sell a home in 17074, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days14 Days-32.3%

Summary: Homes in 17074 had an average of 14 days on market in Oct 2024, down by 32.3% 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 17074 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 17074; 80% of homes were sold within 30 days, 20% 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 17074, PA

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