Is 17111, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17111 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 17111 has remained a Seller's Market.

Key Takeaway

17111 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 17111, PA

How much do homes in 17111, PA cost?

Median Sold Price

$267,000

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,050(+4.7%)

Key Takeaway

Homes in 17111 have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in 17111 was $267,000 in October 2024, up 4.7% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $130.5K$90K
-31.0%
2 $215.2K$220K
+2.2%
3 $248.4K$264K
+6.3%
4 $315.1K$377.5K
+19.8%
5+ $499.2K$420K
-15.9%

Summary: 17111 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes decreased by 15.9%.

Median Sold Price Compared To Nearby Zip Codes

17104
+15.4%
17111
+4.7%
17109
+4.3%
17112
+3.3%
17113
-9.4%

Housing Supply in 17111, PA

How many homes are available in 17111, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
10295-6.9%

Summary: The 17111 real estate market had 95 homes for sale in October 2024, a 6.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2115
-28.6%
3 4649
+6.5%
4 3128
-9.7%
5+ 43
-25.0%

Summary: The 17111 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 decreased by 28.6%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3727-27.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 17111, you could pay more than the asking price. 40.7% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in 17111 in October 2024, down by 27.0% month-over-month. Of the 27 sold homes, 33% were sold under asking, 26% were sold at asking, and 41% were sold over asking.

Days on Market for 17111, PA

How long does it take to sell a home in 17111, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
9 Days14 Days+58.4%

Summary: Homes in 17111 had an average of 14 days on market in Oct 2024, up by 58.4% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 17111 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 27 homes were sold in 17111; 85% of homes were sold within 30 days, 15% 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 20 Days Ago

Newest Listings in 17111, PA

Nearby Markets to 17111, PA