Is 18078, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 18078 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 18078 has remained a Seller's Market.

Key Takeaway

18078 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 18078, PA

How much do homes in 18078, PA cost?

Median Sold Price

$485,000

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$42,500(-8.1%)

Key Takeaway

Homes in 18078 have sold for 8.1% less than they did a year ago.

Summary: The median home sold price in 18078 was $485,000 in November 2024, down 8.1% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $125K-
N/A
2 $297K$185K
-37.7%
3 $380K$382.5K
+0.7%
4 $586K$545K
-7.0%
5+ $613.5K$725K
+18.2%

Summary: 18078 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 37.7%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 18.2%.

Median Sold Price Compared To Nearby Zip Codes

18037
+8.8%
18080
+5.6%
18078
-8.1%

Housing Supply in 18078, PA

How many homes are available in 18078, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2324+4.3%

Summary: The 18078 real estate market had 24 homes for sale in November 2024, a 4.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 34
+33.3%
4 1012
+20.0%
5+ 86
-25.0%

Summary: The 18078 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 increased by 33.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
49+125.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 18078, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in 18078 in November 2024, up by 125.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.

Days on Market for 18078, PA

How long does it take to sell a home in 18078, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days12 Days-37.6%

Summary: Homes in 18078 had an average of 12 days on market in Nov 2024, down by 37.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 18078 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 9 homes were sold in 18078; 89% of homes were sold within 30 days, 11% 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 24 Days Ago

Newest Listings in 18078, PA

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