Is 17112, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17112 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 17112 has remained a Seller's Market.

Key Takeaway

17112 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 17112, PA

How much do homes in 17112, PA cost?

Median Sold Price

$340,937

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,937(+3.3%)

Key Takeaway

Homes in 17112 have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in 17112 was $340,937 in October 2024, up 3.3% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $80K$135K
+68.8%
2 $220K$221.5K
+0.7%
3 $296.2K$315K
+6.3%
4 $437.1K$425K
-2.8%
5+ $536.6K$544.2K
+1.4%

Summary: 17112 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.8%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 1.4%.

Median Sold Price Compared To Nearby Zip Codes

17110
+13.6%
17111
+4.7%
17109
+4.3%
17112
+3.3%
17036
0.0%

Housing Supply in 17112, PA

How many homes are available in 17112, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
132118-10.6%

Summary: The 17112 real estate market had 118 homes for sale in October 2024, a 10.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1717
0.0%
3 5749
-14.0%
4 4744
-6.4%
5+ 96
-33.3%

Summary: The 17112 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 decreased by 14%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4134-17.1%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 17112, you may be able to get a good deal. 38.2% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in 17112 in October 2024, down by 17.1% month-over-month. Of the 34 sold homes, 38% were sold under asking, 26% were sold at asking, and 35% were sold over asking.

Days on Market for 17112, PA

How long does it take to sell a home in 17112, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days38 Days+188.5%

Summary: Homes in 17112 had an average of 38 days on market in Oct 2024, up by 188.5% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 17112 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 34 homes were sold in 17112; 65% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 15% 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 17112, PA

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