Is 18055, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 18055 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 18055 has remained a Seller's Market.

Key Takeaway

18055 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 18055, PA

How much do homes in 18055, PA cost?

Median Sold Price

$366,250

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,250(+4.0%)

Key Takeaway

Homes in 18055 have sold for 4% more than they did a year ago.

Summary: The median home sold price in 18055 was $366,250 in November 2024, up 4% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $277.3K$280.5K
+1.1%
3 $292.5K$335K
+14.5%
4 $550K$670K
+21.8%
5+ $832.5K$777.5K
-6.6%

Summary: 18055 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 1.1%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes decreased by 6.6%.

Median Sold Price Compared To Nearby Zip Codes

18015
+12.0%
18042
+7.7%
18055
+4.0%

Housing Supply in 18055, PA

How many homes are available in 18055, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3942+7.7%

Summary: The 18055 real estate market had 42 homes for sale in November 2024, a 7.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 1816
-11.1%
4 1214
+16.7%
5+ 13
+200.0%

Summary: The 18055 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 12.5%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1213+8.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 18055, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 18055 in November 2024, up by 8.3% month-over-month. Of the 13 sold homes, 46% were sold under asking, 8% were sold at asking, and 46% were sold over asking.

Days on Market for 18055, PA

How long does it take to sell a home in 18055, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
81 Days29 Days-63.6%

Summary: Homes in 18055 had an average of 29 days on market in Nov 2024, down by 63.6% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 18055 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 13 homes were sold in 18055; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% 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 18055, PA

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