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 December 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

$400,000

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$22,500(+6.0%)

Key Takeaway

Homes in 18106 have sold for 6% more than they did a year ago.

Summary: The median home sold price in 18106 was $400,000 in December 2024, up 6% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $167.7K$271K
+61.5%
2 $170K$330K
+94.1%
3 $320K$350K
+9.4%
4 $476K$534K
+12.2%
5+ $1.2M$795K
-33.8%

Summary: 18106 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.5%, 2 bedroom homes increased by 94.1%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes decreased by 33.8%.

Median Sold Price Compared To Nearby Zip Codes

18031
+6.3%
18106
+6.0%

Housing Supply in 18106, PA

How many homes are available in 18106, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2622-15.4%

Summary: The 18106 real estate market had 22 homes for sale in December 2024, a 15.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 11
0.0%
3 1012
+20.0%
4 106
-40.0%
5+ 43
-25.0%

Summary: The 18106 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
611+83.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 18106, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in 18106 in December 2024, up by 83.3% month-over-month. Of the 11 sold homes, 18% were sold under asking, 45% were sold at asking, and 36% 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

Dec 2023Dec 2024CHANGE
8 Days29 Days+265.9%

Summary: Homes in 18106 had an average of 29 days on market in Dec 2024, up by 265.9% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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 December 2024, 11 homes were sold in 18106; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% 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 4 Days Ago

Newest Listings in 18106, PA

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