Is 17109, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17109 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 17109 has remained a Seller's Market.

Key Takeaway

17109 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 17109, PA

How much do homes in 17109, PA cost?

Median Sold Price

$241,950

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,950(+4.3%)

Key Takeaway

Homes in 17109 have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in 17109 was $241,950 in October 2024, up 4.3% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $150.5K$190K
+26.2%
2 $200.5K$215K
+7.2%
3 $235K$245K
+4.3%
4 $273K$275K
+0.7%
5+ $274.9K$316.2K
+15.0%

Summary: 17109 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.2%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 15%.

Median Sold Price Compared To Nearby Zip Codes

17103
+38.9%
17110
+13.6%
17111
+4.7%
17109
+4.3%

Housing Supply in 17109, PA

How many homes are available in 17109, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5549-10.9%

Summary: The 17109 real estate market had 49 homes for sale in October 2024, a 10.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 69
+50.0%
3 3828
-26.3%
4 78
+14.3%
5+ 33
0.0%

Summary: The 17109 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 50%, 3 bedroom homes decreased by 26.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1915-21.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 17109, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in 17109 in October 2024, down by 21.1% month-over-month. Of the 15 sold homes, 20% were sold under asking, 33% were sold at asking, and 47% were sold over asking.

Days on Market for 17109, PA

How long does it take to sell a home in 17109, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
11 Days10 Days-9.8%

Summary: Homes in 17109 had an average of 10 days on market in Oct 2024, down by 9.8% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 17109 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in 17109; 87% of homes were sold within 30 days, 13% 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 13 Days Ago

Newest Listings in 17109, PA

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