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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17224 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 17224 has remained a Seller's Market.

Key Takeaway

17224 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 17224, PA

How much do homes in 17224, PA cost?

Median Sold Price

$195,000

$160/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$25,250(+14.9%)

Key Takeaway

Homes in 17224 have sold for 14.9% more than they did a month ago.

Summary: The median home sold price in 17224 was $195,000 in November 2024, up 14.9% from last month, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $179.5K$195K
+8.6%
3 $160K$207.5K
+29.7%
4 --
N/A
5+ --
N/A

Summary: 17224 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 29.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 17224, PA

How many homes are available in 17224, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
109-10.0%

Summary: The 17224 real estate market had 9 homes for sale in November 2024, a 10.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 54
-20.0%
3 43
-25.0%
4 01
+100.0%
5+ 00
0.0%

Summary: The 17224 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 17224 in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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

Oct 2024Nov 2024CHANGE
3 Days37 Days+957.1%

Summary: Homes in 17224 had an average of 37 days on market in Nov 2024, up by 957.1% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was 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 November 2024, 3 homes were sold in 17224; 67% of homes were sold within 30 days, 33% 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 22 Days Ago

Newest Listings in 17224, PA

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