Is 17316, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17316 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 17316 was a Seller's Market.

Key Takeaway

17316 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 17316, PA

How much do homes in 17316, PA cost?

Median Sold Price

$316,550

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,550(+10.7%)

Key Takeaway

Homes in 17316 have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in 17316 was $316,550 in October 2024, up 10.7% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $105K-
N/A
2 $185K$257.4K
+39.1%
3 $284.9K$310K
+8.8%
4 $324.7K$385K
+18.6%
5+ $777.5K$510K
-34.4%

Summary: 17316 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.1%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes decreased by 34.4%.

Median Sold Price Compared To Nearby Zip Codes

17301
+16.7%
17316
+10.7%
17372
-18.5%

Housing Supply in 17316, PA

How many homes are available in 17316, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2930+3.4%

Summary: The 17316 real estate market had 30 homes for sale in October 2024, a 3.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1316
+23.1%
4 109
-10.0%
5+ 42
-50.0%

Summary: The 17316 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 50%, 3 bedroom homes increased by 23.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
123-75.0%

Asking Price vs. Sold Price

2 Homes Were 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 17316, 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 17316 in October 2024, down by 75.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 17316, PA

How long does it take to sell a home in 17316, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days109 Days+512.3%

Summary: Homes in 17316 had an average of 109 days on market in Oct 2024, up by 512.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 17316 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in 17316; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 21 Days Ago

Newest Listings in 17316, PA

Nearby Markets to 17316, PA