Is 17087, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17087 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 17087 was a Neutral Market.

Key Takeaway

17087 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 17087, PA

How much do homes in 17087, PA cost?

Median Sold Price

$208,000

$141/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$42,000(-16.8%)

Key Takeaway

Homes in 17087 have sold for 16.8% less than they did a month ago.

Summary: The median home sold price in 17087 was $208,000 in October 2024, down 16.8% from last month, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$195K
N/A
3 -$221K
N/A
4 $250K-
N/A
5+ --
N/A

Summary: 17087 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 17087, PA

How many homes are available in 17087, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
79+28.6%

Summary: The 17087 real estate market had 9 homes for sale in October 2024, a 28.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 45
+25.0%
4 11
0.0%
5+ 12
+100.0%

Summary: The 17087 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 increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 17087, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 17087 in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 17087, PA

How long does it take to sell a home in 17087, PA?

Average Sale Time

Sep 2024Oct 2024CHANGE
6 Days16 Days+166.7%

Summary: Homes in 17087 had an average of 16 days on market in Oct 2024, up by 166.7% compared to last month.

Breakdown of Home Sale Times

3 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 17087 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 17087; 75% of homes were sold within 30 days, 25% 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 23 Days Ago

Newest Listings in 17087, PA

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