Is 18045, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 18045 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 18045 has remained a Seller's Market.

Key Takeaway

18045 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 18045, PA

How much do homes in 18045, PA cost?

Median Sold Price

$387,500

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$32,500(+9.2%)

Key Takeaway

Homes in 18045 have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in 18045 was $387,500 in November 2024, up 9.2% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$232.5K
N/A
2 $302K$300K
-0.7%
3 $325K$372.5K
+14.6%
4 $480K$458.7K
-4.4%
5+ $479.9K$545K
+13.6%

Summary: 18045 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 0.7%, 3 bedroom homes increased by 14.6%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 13.6%.

Median Sold Price Compared To Nearby Zip Codes

18045
+9.2%
18040
+8.2%
18042
+7.7%
18020
+4.4%

Housing Supply in 18045, PA

How many homes are available in 18045, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
121101-16.5%

Summary: The 18045 real estate market had 101 homes for sale in November 2024, a 16.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 810
+25.0%
3 6950
-27.5%
4 3432
-5.9%
5+ 109
-10.0%

Summary: The 18045 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 increased by 25%, 3 bedroom homes decreased by 27.5%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2831+10.7%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 18045, you may be able to get a good deal. 48.4% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in 18045 in November 2024, up by 10.7% month-over-month. Of the 31 sold homes, 48% were sold under asking, 10% were sold at asking, and 42% were sold over asking.

Days on Market for 18045, PA

How long does it take to sell a home in 18045, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
17 Days37 Days+114.3%

Summary: Homes in 18045 had an average of 37 days on market in Nov 2024, up by 114.3% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 18045 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 31 homes were sold in 18045; 68% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 13% 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 18045, PA

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