Is 18214, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 18214 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 18214 was a Seller's Market.

Key Takeaway

18214 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 18214, PA

How much do homes in 18214, PA cost?

Median Sold Price

$197,500

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,500(+12.2%)

Key Takeaway

Homes in 18214 have sold for 12.2% more than they did a year ago.

Summary: The median home sold price in 18214 was $197,500 in November 2024, up 12.2% from last year, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $82K$250K
+204.9%
3 $164K$197.5K
+20.4%
4 $240K$175K
-27.1%
5+ --
N/A

Summary: 18214 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 increased by 204.9%, 3 bedroom homes increased by 20.4%, 4 bedroom homes decreased by 27.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

17931
+47.4%
17948
+17.6%
18214
+12.2%

Housing Supply in 18214, PA

How many homes are available in 18214, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10100.0%

Summary: The 18214 real estate market had 10 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 45
+25.0%
4 21
-50.0%
5+ 22
0.0%

Summary: The 18214 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 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 18214, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 18214 in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 18214, PA

How long does it take to sell a home in 18214, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days27 Days+35.0%

Summary: Homes in 18214 had an average of 27 days on market in Nov 2024, up by 35% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 18214 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 18214; 100% of homes were sold within 30 days, 0% 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 21 Days Ago

Newest Listings in 18214, PA

Nearby Markets to 18214, PA