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 4 Days Ago

Newest Listings in 17401, PA

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