$6,101 Closing Credit*
$513,790
1,748 SqFt
2 Beds
•2 Full Baths
Rebecca Forbes, Listing Office: D.R. Horton Realty of Pennsylvania
Is 18031, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 18031 has remained a Seller's Market.
Key Takeaway
18031 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 18031, PA
How much do homes in 18031, PA cost?
Median Sold Price
$472,490
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,995(+5.4%)
Key Takeaway
Homes in 18031 have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in 18031 was $472,490 in October 2024, up 5.4% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $410K | $483.4K | +17.9% |
| 3 Bedrooms | $414.3K | $387.9K | -6.4% |
| 4 Bedrooms | $523.5K | $608K | +16.1% |
| 5+ Bedrooms | $725K | $603K | -16.8% |
Summary: 18031 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.9%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 16.8%.
Median Sold Price Compared To Nearby Zip Codes
| 18031 | $448.4K | $472.4K | +5.4% |
| 18106 | $387.5K | $379.9K | -2.0% |
Housing Supply in 18031, PA
How many homes are available in 18031, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 | 57 | -12.3% |
Summary: The 18031 real estate market had 57 homes for sale in October 2024, a 12.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 13 | -40.9% |
| 3 Bedrooms | 38 | 34 | -10.5% |
| 4 Bedrooms | 4 | 9 | +125.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 18031 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 decreased by 40.9%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 125%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 12 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 18031, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 18031 in October 2024, down by 40.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 18031, PA
How long does it take to sell a home in 18031, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 21 Days | -57.1% |
Summary: Homes in 18031 had an average of 21 days on market in Oct 2024, down by 57.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 18031 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in 18031; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
