Is 17408, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17408 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 17408 has remained a Seller's Market.

Key Takeaway

17408 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 17408, PA

How much do homes in 17408, PA cost?

Median Sold Price

$270,250

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,250(+2.0%)

Key Takeaway

Homes in 17408 have sold for 2% more than they did a year ago.

Summary: The median home sold price in 17408 was $270,250 in October 2024, up 2% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $117.5K-
N/A
2 $185K$199.9K
+8.1%
3 $254.9K$265K
+3.9%
4 $355K$374.9K
+5.6%
5+ $395K$431.9K
+9.4%

Summary: 17408 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 8.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 9.4%.

Median Sold Price Compared To Nearby Zip Codes

17403
+6.8%
17404
+2.4%
17408
+2.0%

Housing Supply in 17408, PA

How many homes are available in 17408, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8079-1.3%

Summary: The 17408 real estate market had 79 homes for sale in October 2024, a 1.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 118
-27.3%
3 4141
0.0%
4 2426
+8.3%
5+ 44
0.0%

Summary: The 17408 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 27.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2423-4.2%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 17408, expect to pay close to the asking price. 34.8% of homes here sold near the asking price last month.

Summary: A total of 23 homes were sold or pending in 17408 in October 2024, down by 4.2% month-over-month. Of the 23 sold homes, 30% were sold under asking, 35% were sold at asking, and 35% were sold over asking.

Days on Market for 17408, PA

How long does it take to sell a home in 17408, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days28 Days-8.7%

Summary: Homes in 17408 had an average of 28 days on market in Oct 2024, down by 8.7% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 17408 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 23 homes were sold in 17408; 70% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% 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 17 Days Ago

Newest Listings in 17408, PA

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