Is 17603, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 17603 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 17603 has remained a Seller's Market.

Key Takeaway

17603 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 17603, PA

How much do homes in 17603, PA cost?

Median Sold Price

$270,666

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,666(+2.1%)

Key Takeaway

Homes in 17603 have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in 17603 was $270,666 in October 2024, up 2.1% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $155K$211K
+36.1%
2 $218K$205K
-6.0%
3 $254K$260K
+2.4%
4 $320.7K$345K
+7.6%
5+ $370K$350K
-5.4%

Summary: 17603 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.1%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 5.4%.

Median Sold Price Compared To Nearby Zip Codes

17551
+9.6%
17601
+7.8%
17554
+5.7%
17603
+2.1%

Housing Supply in 17603, PA

How many homes are available in 17603, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
162170+4.9%

Summary: The 17603 real estate market had 170 homes for sale in October 2024, a 4.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 43
-25.0%
2 2622
-15.4%
3 7781
+5.2%
4 4451
+15.9%
5+ 1113
+18.2%

Summary: The 17603 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 18.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5646-17.9%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 17603, you could pay more than the asking price. 39.1% of homes here sold above asking price last month.

Summary: A total of 46 homes were sold or pending in 17603 in October 2024, down by 17.9% month-over-month. Of the 46 sold homes, 28% were sold under asking, 33% were sold at asking, and 39% were sold over asking.

Days on Market for 17603, PA

How long does it take to sell a home in 17603, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days14 Days+5.7%

Summary: Homes in 17603 had an average of 14 days on market in Oct 2024, up by 5.7% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 17603 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 46 homes were sold in 17603; 87% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 2% 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 22 Days Ago

Newest Listings in 17603, PA

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