$5,639 Closing Credit*
$474,900
2,072 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Coldwell Banker Hearthside
Is 18040, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 18040 has remained a Seller's Market.
Key Takeaway
18040 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 18040, PA
How much do homes in 18040, PA cost?
Median Sold Price
$460,250
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,750(+8.2%)
Key Takeaway
Homes in 18040 have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in 18040 was $460,250 in November 2024, up 8.2% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $185.5K | +15.9% |
| 2 Bedrooms | $248.7K | $260K | +4.5% |
| 3 Bedrooms | $387.5K | $399.5K | +3.1% |
| 4 Bedrooms | $525K | $554.6K | +5.7% |
| 5+ Bedrooms | $510K | $620K | +21.6% |
Summary: 18040 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.9%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 21.6%.
Median Sold Price Compared To Nearby Zip Codes
| 18045 | $355K | $387.5K | +9.2% |
| 18040 | $425.5K | $460.2K | +8.2% |
Housing Supply in 18040, PA
How many homes are available in 18040, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 92 | 87 | -5.4% |
Summary: The 18040 real estate market had 87 homes for sale in November 2024, a 5.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 34 | 28 | -17.6% |
| 4 Bedrooms | 41 | 42 | +2.4% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 18040 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 18040, expect to pay close to the asking price. 41.4% of homes here sold near the asking price last month.
Summary: A total of 29 homes were sold or pending in 18040 in November 2024, up by 7.4% month-over-month. Of the 29 sold homes, 28% were sold under asking, 41% were sold at asking, and 31% were sold over asking.
Days on Market for 18040, PA
How long does it take to sell a home in 18040, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 22 Days | -60.4% |
Summary: Homes in 18040 had an average of 22 days on market in Nov 2024, down by 60.4% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 18040 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 29 homes were sold in 18040; 76% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
