Is 18109, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 18109 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 18109 has remained a Seller's Market.

Key Takeaway

18109 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 18109, PA

How much do homes in 18109, PA cost?

Median Sold Price

$255,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$39,000(+18.1%)

Key Takeaway

Homes in 18109 have sold for 18.1% more than they did a year ago.

Summary: The median home sold price in 18109 was $255,000 in October 2024, up 18.1% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $160.5K-
N/A
2 $199.9K$225K
+12.6%
3 $215.5K$254K
+17.9%
4 $272.5K$290K
+6.4%
5+ $200K$255K
+27.5%

Summary: 18109 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 27.5%.

Median Sold Price Compared To Nearby Zip Codes

18032
+18.4%
18109
+18.1%
18102
+10.5%
18018
+5.3%
18017
+2.9%

Housing Supply in 18109, PA

How many homes are available in 18109, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3739+5.4%

Summary: The 18109 real estate market had 39 homes for sale in October 2024, a 5.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 2120
-4.8%
4 912
+33.3%
5+ 53
-40.0%

Summary: The 18109 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
10100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 18109, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in 18109 in October 2024, the same as the previous month. Of the 10 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.

Days on Market for 18109, PA

How long does it take to sell a home in 18109, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days25 Days+10.8%

Summary: Homes in 18109 had an average of 25 days on market in Oct 2024, up by 10.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 18109 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in 18109; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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 14 Days Ago

Newest Listings in 18109, PA

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