Is 17222, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17222 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 17222 has remained a Seller's Market.

Key Takeaway

17222 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 17222, PA

How much do homes in 17222, PA cost?

Median Sold Price

$280,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$10,000(-3.4%)

Key Takeaway

Homes in 17222 have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in 17222 was $280,000 in December 2024, down 3.4% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $25K$50K
+100.0%
2 $198K$214.6K
+8.4%
3 $290K$259K
-10.7%
4 $338.2K$410K
+21.2%
5+ $377.5K$405K
+7.3%

Summary: 17222 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.4%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 7.3%.

Median Sold Price Compared To Nearby Zip Codes

17268
+11.8%
17222
-3.4%

Housing Supply in 17222, PA

How many homes are available in 17222, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5249-5.8%

Summary: The 17222 real estate market had 49 homes for sale in December 2024, a 5.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 87
-12.5%
3 2525
0.0%
4 1715
-11.8%
5+ 22
0.0%

Summary: The 17222 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1113+18.2%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 17222, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 17222 in December 2024, up by 18.2% month-over-month. Of the 13 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.

Days on Market for 17222, PA

How long does it take to sell a home in 17222, PA?

Average Sale Time

Dec 2023Dec 2024CHANGE
37 Days39 Days+6.3%

Summary: Homes in 17222 had an average of 39 days on market in Dec 2024, up by 6.3% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 17222 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 13 homes were sold in 17222; 69% of homes were sold within 30 days, 15% 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 2 Days Ago

Newest Listings in 17222, PA

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