Is 17601, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17601 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 17601 has remained a Seller's Market.

Key Takeaway

17601 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 17601, PA

How much do homes in 17601, PA cost?

Median Sold Price

$388,000

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$28,000(+7.8%)

Key Takeaway

Homes in 17601 have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in 17601 was $388,000 in October 2024, up 7.8% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $208K$193K
-7.2%
2 $260K$290K
+11.5%
3 $330.6K$361.3K
+9.3%
4 $490K$480K
-2.0%
5+ $617K$595K
-3.6%

Summary: 17601 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.2%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 3.6%.

Median Sold Price Compared To Nearby Zip Codes

17602
+11.2%
17520
+10.6%
17601
+7.8%
17603
+2.1%
17538
-4.8%

Housing Supply in 17601, PA

How many homes are available in 17601, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
153154+0.7%

Summary: The 17601 real estate market had 154 homes for sale in October 2024, a 0.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1115
+36.4%
3 6663
-4.5%
4 6561
-6.2%
5+ 1115
+36.4%

Summary: The 17601 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 36.4%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 36.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3950+28.2%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 17601, you could pay more than the asking price. 40% of homes here sold above asking price last month.

Summary: A total of 50 homes were sold or pending in 17601 in October 2024, up by 28.2% month-over-month. Of the 50 sold homes, 38% were sold under asking, 22% were sold at asking, and 40% were sold over asking.

Days on Market for 17601, PA

How long does it take to sell a home in 17601, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
10 Days18 Days+77.6%

Summary: Homes in 17601 had an average of 18 days on market in Oct 2024, up by 77.6% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 17601 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 50 homes were sold in 17601; 86% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 4% 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 20 Days Ago

Newest Listings in 17601, PA

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