Is 18218, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 18218 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 18218 was a Seller's Market.

Key Takeaway

18218 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 18218, PA

How much do homes in 18218, PA cost?

Median Sold Price

$100,000

$67/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$13,500(-11.9%)

Key Takeaway

Homes in 18218 have sold for 11.9% less than they did a month ago.

Summary: The median home sold price in 18218 was $100,000 in October 2024, down 11.9% from last month, and the median price per square foot was $67.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $50K-
N/A
4 $113.5K$100K
-11.9%
5+ --
N/A

Summary: 18218 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes did not change.

Housing Supply in 18218, PA

How many homes are available in 18218, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1318+38.5%

Summary: The 18218 real estate market had 18 homes for sale in October 2024, a 38.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 67
+16.7%
4 44
0.0%
5+ 13
+200.0%

Summary: The 18218 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 increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was 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 18218, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 18218 in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 18218, PA

How long does it take to sell a home in 18218, PA?

Average Sale Time

Sep 2024Oct 2024CHANGE
60 Days19 Days-67.5%

Summary: Homes in 18218 had an average of 19 days on market in Oct 2024, down by 67.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 18218 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 18218; 50% of homes were sold within 30 days, 50% 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 13 Days Ago

Newest Listings in 18218, PA

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