Is 18034, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 18034 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 18034 has remained a Seller's Market.

Key Takeaway

18034 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 18034, PA

How much do homes in 18034, PA cost?

Median Sold Price

$475,000

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,000(+1.1%)

Key Takeaway

Homes in 18034 have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in 18034 was $475,000 in November 2024, up 1.1% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $377.4K$367K
-2.8%
3 $380K$385K
+1.3%
4 $746.5K$662K
-11.3%
5+ $845K$1.0M
+23.1%

Summary: 18034 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes increased by 23.1%.

Median Sold Price Compared To Nearby Zip Codes

18103
+13.5%
18015
+12.0%
18036
+5.9%
18049
+4.6%
18034
+1.1%

Housing Supply in 18034, PA

How many homes are available in 18034, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3928-28.2%

Summary: The 18034 real estate market had 28 homes for sale in November 2024, a 28.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 129
-25.0%
4 1513
-13.3%
5+ 105
-50.0%

Summary: The 18034 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1310-23.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 18034, you could pay more than the asking price. 40% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in 18034 in November 2024, down by 23.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% were sold over asking.

Days on Market for 18034, PA

How long does it take to sell a home in 18034, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days34 Days+117.6%

Summary: Homes in 18034 had an average of 34 days on market in Nov 2024, up by 117.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 18034 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in 18034; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% 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 18034, PA

Nearby Markets to 18034, PA