Is 17224, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17224 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 17224 was a Seller's Market.

Key Takeaway

17224 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 17224, PA

How much do homes in 17224, PA cost?

Median Sold Price

$169,750

$149/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$80,250(-32.1%)

Key Takeaway

Homes in 17224 have sold for 32.1% less than they did a month ago.

Summary: The median home sold price in 17224 was $169,750 in October 2024, down 32.1% from last month, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $184.4K$179.5K
-2.7%
3 $311K$160K
-48.6%
4 $250K-
N/A
5+ --
N/A

Summary: 17224 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 decreased by 2.7%, 3 bedroom homes decreased by 48.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

17233
-18.9%
17224
-32.1%

Housing Supply in 17224, PA

How many homes are available in 17224, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1612-25.0%

Summary: The 17224 real estate market had 12 homes for sale in October 2024, a 25.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 45
+25.0%
3 86
-25.0%
4 30
-100.0%
5+ 00
0.0%

Summary: The 17224 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 25%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 17224, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 17224 in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 17224, PA

How long does it take to sell a home in 17224, PA?

Average Sale Time

Sep 2024Oct 2024CHANGE
78 Days3 Days-95.5%

Summary: Homes in 17224 had an average of 3 days on market in Oct 2024, down by 95.5% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 17224 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 17224; 100% of homes were sold within 30 days, 0% 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 17224, PA

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