Is 18032, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 18032 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 18032 has remained a Seller's Market.

Key Takeaway

18032 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 18032, PA

How much do homes in 18032, PA cost?

Median Sold Price

$291,500

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$40,750(+16.3%)

Key Takeaway

Homes in 18032 have sold for 16.3% more than they did a year ago.

Summary: The median home sold price in 18032 was $291,500 in December 2024, up 16.3% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$113K
N/A
2 $191K$200K
+4.7%
3 $233K$242K
+3.9%
4 $472.4K$564.1K
+19.4%
5+ $248.5K$300K
+20.7%

Summary: 18032 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 20.7%.

Median Sold Price Compared To Nearby Zip Codes

18032
+16.3%
18109
+13.3%
18067
+6.5%
18052
+3.1%

Housing Supply in 18032, PA

How many homes are available in 18032, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4336-16.3%

Summary: The 18032 real estate market had 36 homes for sale in December 2024, a 16.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 25
+150.0%
3 1713
-23.5%
4 1812
-33.3%
5+ 55
0.0%

Summary: The 18032 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
915+66.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 18032, you could pay more than the asking price. 40% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in 18032 in December 2024, up by 66.7% month-over-month. Of the 15 sold homes, 33% were sold under asking, 27% were sold at asking, and 40% were sold over asking.

Days on Market for 18032, PA

How long does it take to sell a home in 18032, PA?

Average Sale Time

Dec 2023Dec 2024CHANGE
33 Days32 Days-5.3%

Summary: Homes in 18032 had an average of 32 days on market in Dec 2024, down by 5.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 18032 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 15 homes were sold in 18032; 53% of homes were sold within 30 days, 47% 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 6 Days Ago

Newest Listings in 18032, PA

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