Is 18106, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 18106 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 18106 has remained a Seller's Market.

Key Takeaway

18106 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 18106, PA

How much do homes in 18106, PA cost?

Median Sold Price

$379,900

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$7,600(-2.0%)

Key Takeaway

Homes in 18106 have sold for 2% less than they did a year ago.

Summary: The median home sold price in 18106 was $379,900 in October 2024, down 2% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $165.5K$183K
+10.6%
2 $170K$260K
+52.9%
3 $290K$322.5K
+11.2%
4 $478.2K$490K
+2.5%
5+ $1.2M$825.7K
-31.2%

Summary: 18106 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 52.9%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 31.2%.

Median Sold Price Compared To Nearby Zip Codes

18069
+16.0%
18031
+5.4%
18106
-2.0%

Housing Supply in 18106, PA

How many homes are available in 18106, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2726-3.7%

Summary: The 18106 real estate market had 26 homes for sale in October 2024, a 3.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 10
-100.0%
3 1311
-15.4%
4 810
+25.0%
5+ 45
+25.0%

Summary: The 18106 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
880.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 18106, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 18106 in October 2024, the same as the previous month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 18106, PA

How long does it take to sell a home in 18106, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days11 Days-32.5%

Summary: Homes in 18106 had an average of 11 days on market in Oct 2024, down by 32.5% compared to last year.

Breakdown of Home Sale Times

7 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 18106 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 18106; 88% of homes were sold within 30 days, 13% 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 22 Days Ago

Newest Listings in 18106, PA

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