Is 17516, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17516 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 17516 has remained a Seller's Market.

Key Takeaway

17516 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 17516, PA

How much do homes in 17516, PA cost?

Median Sold Price

$355,000

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,000(+7.6%)

Key Takeaway

Homes in 17516 have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in 17516 was $355,000 in November 2024, up 7.6% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $350K-
N/A
2 $280K$235K
-16.1%
3 $320K$336K
+5.0%
4 $387K$467.1K
+20.7%
5+ $1.3M$1.2M
-10.6%

Summary: 17516 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.1%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes decreased by 10.6%.

Median Sold Price Compared To Nearby Zip Codes

17516
+7.6%
17603
+5.4%
17565
+2.0%
17551
+0.9%

Housing Supply in 17516, PA

How many homes are available in 17516, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
910+11.1%

Summary: The 17516 real estate market had 10 homes for sale in November 2024, a 11.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 57
+40.0%
4 32
-33.3%
5+ 01
+100.0%

Summary: The 17516 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 17516, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 17516 in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 17516, PA

How long does it take to sell a home in 17516, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
13 Days15 Days+17.9%

Summary: Homes in 17516 had an average of 15 days on market in Nov 2024, up by 17.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 17516 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 17516; 67% of homes were sold within 30 days, 33% 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 17 Days Ago

Newest Listings in 17516, PA

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