Is 18103, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 18103 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 18103 has remained a Seller's Market.

Key Takeaway

18103 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 18103, PA

How much do homes in 18103, PA cost?

Median Sold Price

$306,476

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$36,476(+13.5%)

Key Takeaway

Homes in 18103 have sold for 13.5% more than they did a year ago.

Summary: The median home sold price in 18103 was $306,476 in November 2024, up 13.5% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $190K$110K
-42.1%
2 $220K$240K
+9.1%
3 $262K$285K
+8.8%
4 $347.5K$384K
+10.5%
5+ $469.9K$468K
-0.4%

Summary: 18103 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.1%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 0.4%.

Median Sold Price Compared To Nearby Zip Codes

18103
+13.5%
18102
+9.9%
18104
+9.3%
18049
+4.6%
18034
+1.1%

Housing Supply in 18103, PA

How many homes are available in 18103, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
170123-27.6%

Summary: The 18103 real estate market had 123 homes for sale in November 2024, a 27.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 169
-43.8%
3 9568
-28.4%
4 4936
-26.5%
5+ 1010
0.0%

Summary: The 18103 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 decreased by 43.8%, 3 bedroom homes decreased by 28.4%, 4 bedroom homes decreased by 26.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6434-46.9%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 18103, you could pay more than the asking price. 41.2% of homes here sold above asking price last month.

Summary: A total of 34 homes were sold or pending in 18103 in November 2024, down by 46.9% month-over-month. Of the 34 sold homes, 38% were sold under asking, 21% were sold at asking, and 41% were sold over asking.

Days on Market for 18103, PA

How long does it take to sell a home in 18103, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
10 Days32 Days+204.9%

Summary: Homes in 18103 had an average of 32 days on market in Nov 2024, up by 204.9% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 18103 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 34 homes were sold in 18103; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% 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 18103, PA

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