Is 18074, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 18074 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 18074 has remained a Seller's Market.

Key Takeaway

18074 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 18074, PA

How much do homes in 18074, PA cost?

Median Sold Price

$405,000

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$2,000(-0.5%)

Key Takeaway

The sold price of homes in 18074 has remained the same since last year.

Summary: The median home sold price in 18074 was $405,000 in December 2024, down 0.5% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $69.9K-
N/A
2 $315K$240K
-23.8%
3 $328K$340K
+3.7%
4 $465K$662.4K
+42.5%
5+ $431.5K$500K
+15.9%

Summary: 18074 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 42.5%, and 5+ bedroom homes increased by 15.9%.

Median Sold Price Compared To Nearby Zip Codes

19473
+32.9%
18054
+6.4%
19525
+1.8%
18074
-0.5%

Housing Supply in 18074, PA

How many homes are available in 18074, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1410-28.6%

Summary: The 18074 real estate market had 10 homes for sale in December 2024, a 28.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 84
-50.0%
4 45
+25.0%
5+ 11
0.0%

Summary: The 18074 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 18074, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 18074 in December 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.

Days on Market for 18074, PA

How long does it take to sell a home in 18074, PA?

Average Sale Time

Dec 2023Dec 2024CHANGE
31 Days10 Days-67.5%

Summary: Homes in 18074 had an average of 10 days on market in Dec 2024, down by 67.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 18074 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 4 homes were sold in 18074; 100% of homes were sold within 30 days, 0% 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 8 Days Ago

Newest Listings in 18074, PA

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