Is 18018, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 18018 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 18018 has remained a Seller's Market.

Key Takeaway

18018 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 18018, PA

How much do homes in 18018, PA cost?

Median Sold Price

$280,000

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,000(+5.3%)

Key Takeaway

Homes in 18018 have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in 18018 was $280,000 in October 2024, up 5.3% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $285K$203K
-28.8%
2 $225K$260K
+15.6%
3 $267K$275K
+3.0%
4 $281.5K$287.5K
+2.1%
5+ $325K$365K
+12.3%

Summary: 18018 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.8%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 12.3%.

Median Sold Price Compared To Nearby Zip Codes

18109
+18.1%
18015
+8.9%
18018
+5.3%
18017
+2.9%

Housing Supply in 18018, PA

How many homes are available in 18018, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9692-4.2%

Summary: The 18018 real estate market had 92 homes for sale in October 2024, a 4.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 84
-50.0%
3 5957
-3.4%
4 2025
+25.0%
5+ 84
-50.0%

Summary: The 18018 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3425-26.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 18018, you could pay more than the asking price. 44% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in 18018 in October 2024, down by 26.5% month-over-month. Of the 25 sold homes, 40% were sold under asking, 16% were sold at asking, and 44% were sold over asking.

Days on Market for 18018, PA

How long does it take to sell a home in 18018, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days17 Days-9.7%

Summary: Homes in 18018 had an average of 17 days on market in Oct 2024, down by 9.7% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 18018 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 25 homes were sold in 18018; 84% of homes were sold within 30 days, 16% 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 14 Days Ago

Newest Listings in 18018, PA

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