Is 18038, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 18038 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 18038 has remained a Seller's Market.

Key Takeaway

18038 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 18038, PA

How much do homes in 18038, PA cost?

Median Sold Price

$310,000

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$44,050(+16.6%)

Key Takeaway

Homes in 18038 have sold for 16.6% more than they did a year ago.

Summary: The median home sold price in 18038 was $310,000 in November 2024, up 16.6% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $180.5K$230K
+27.4%
3 $279K$370K
+32.6%
4 $584K$310K
-46.9%
5+ --
N/A

Summary: 18038 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 increased by 27.4%, 3 bedroom homes increased by 32.6%, 4 bedroom homes decreased by 46.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

18038
+16.6%
18088
+10.2%
18058
+6.9%
18014
-0.9%

Housing Supply in 18038, PA

How many homes are available in 18038, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
990.0%

Summary: The 18038 real estate market had 9 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 44
0.0%
5+ 23
+50.0%

Summary: The 18038 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 18038, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 18038 in November 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 18038, PA

How long does it take to sell a home in 18038, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
1 Day78 Days+7700.0%

Summary: Homes in 18038 had an average of 78 days on market in Nov 2024, up by 7700% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 18038 has remained consistent over time.

Summary: During November 2024, 2 homes were sold in 18038; 0% of homes were sold within 30 days, 100% 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 21 Days Ago

Newest Listings in 18038, PA

Nearby Markets to 18038, PA