Is 18015, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 18015 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 18015 has remained a Seller's Market.

Key Takeaway

18015 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 18015, PA

How much do homes in 18015, PA cost?

Median Sold Price

$280,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,000(+12.0%)

Key Takeaway

Homes in 18015 have sold for 12% more than they did a year ago.

Summary: The median home sold price in 18015 was $280,000 in November 2024, up 12% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $199.9K$204.5K
+2.3%
2 $184K$227.5K
+23.7%
3 $247.5K$266.6K
+7.7%
4 $350K$412.5K
+17.9%
5+ $457.5K$438.5K
-4.2%

Summary: 18015 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 23.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 4.2%.

Median Sold Price Compared To Nearby Zip Codes

18015
+12.0%
18018
+5.7%
18017
+4.5%
18055
+4.0%
18034
+1.1%

Housing Supply in 18015, PA

How many homes are available in 18015, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
11399-12.4%

Summary: The 18015 real estate market had 99 homes for sale in November 2024, a 12.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 53
-40.0%
2 46
+50.0%
3 4243
+2.4%
4 4234
-19.0%
5+ 2013
-35.0%

Summary: The 18015 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes decreased by 35%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3526-25.7%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 18015, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 18015 in November 2024, down by 25.7% month-over-month. Of the 26 sold homes, 50% were sold under asking, 27% were sold at asking, and 23% were sold over asking.

Days on Market for 18015, PA

How long does it take to sell a home in 18015, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
16 Days31 Days+91.9%

Summary: Homes in 18015 had an average of 31 days on market in Nov 2024, up by 91.9% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 18015 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 26 homes were sold in 18015; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 12% 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 18015, PA

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