Is 17314, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17314 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 17314 has remained a Seller's Market.

Key Takeaway

17314 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 17314, PA

How much do homes in 17314, PA cost?

Median Sold Price

$275,000

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,000(+5.8%)

Key Takeaway

Homes in 17314 have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in 17314 was $275,000 in October 2024, up 5.8% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $225K$72K
-68.0%
2 $156.9K$179.9K
+14.6%
3 $255K$280K
+9.8%
4 $288.6K$314.9K
+9.1%
5+ $424.9K$402.4K
-5.3%

Summary: 17314 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 68%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 5.3%.

Median Sold Price Compared To Nearby Zip Codes

17314
+5.8%
17302
-0.2%

Housing Supply in 17314, PA

How many homes are available in 17314, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2520-20.0%

Summary: The 17314 real estate market had 20 homes for sale in October 2024, a 20.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 10
-100.0%
3 1410
-28.6%
4 66
0.0%
5+ 33
0.0%

Summary: The 17314 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 100%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
98-11.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 17314, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in 17314 in October 2024, down by 11.1% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.

Days on Market for 17314, PA

How long does it take to sell a home in 17314, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
61 Days24 Days-60.5%

Summary: Homes in 17314 had an average of 24 days on market in Oct 2024, down by 60.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 17314 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 17314; 63% of homes were sold within 30 days, 38% 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 17314, PA

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