Is 17401, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17401 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 17401 has remained a Seller's Market.

Key Takeaway

17401 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 17401, PA

How much do homes in 17401, PA cost?

Median Sold Price

$129,947

$77/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,697(+15.8%)

Key Takeaway

Homes in 17401 have sold for 15.8% more than they did a year ago.

Summary: The median home sold price in 17401 was $129,947 in October 2024, up 15.8% from last year, and the median price per square foot was $77.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$104.4K
N/A
2 $128.4K$82.5K
-35.8%
3 $98.9K$125K
+26.4%
4 $112.5K$136.9K
+21.7%
5+ $120K$132K
+10.0%

Summary: 17401 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 decreased by 35.8%, 3 bedroom homes increased by 26.4%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 10%.

Median Sold Price Compared To Nearby Zip Codes

17401
+15.8%
17403
+6.8%
17404
+2.4%
17402
+1.7%

Housing Supply in 17401, PA

How many homes are available in 17401, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6558-10.8%

Summary: The 17401 real estate market had 58 homes for sale in October 2024, a 10.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 21
-50.0%
3 2215
-31.8%
4 2023
+15.0%
5+ 2018
-10.0%

Summary: The 17401 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 50%, 3 bedroom homes decreased by 31.8%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1821+16.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 17401, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 17401 in October 2024, up by 16.7% month-over-month. Of the 21 sold homes, 43% were sold under asking, 38% were sold at asking, and 19% were sold over asking.

Days on Market for 17401, PA

How long does it take to sell a home in 17401, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days24 Days-2.8%

Summary: Homes in 17401 had an average of 24 days on market in Oct 2024, down by 2.8% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 17401 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 21 homes were sold in 17401; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% 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 17401, PA

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