Is 18232, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 18232 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 18232 was a Seller's Market.

Key Takeaway

18232 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 18232, PA

How much do homes in 18232, PA cost?

Median Sold Price

$85,000

$57/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since December 2023.

Key Takeaway

The sold price of homes in 18232 has remained the same since last year.

Summary: The median home sold price in 18232 was $85,000 in December 2024, the same as last year, and the median price per square foot was $57.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $48.7K$50K
+2.6%
3 $80K$82.5K
+3.1%
4 $95K$124.9K
+31.5%
5+ $135K$93K
-31.1%

Summary: 18232 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 31.5%, and 5+ bedroom homes decreased by 31.1%.

Median Sold Price Compared To Nearby Zip Codes

18250
+13.0%
18240
+6.7%
18232
0.0%

Housing Supply in 18232, PA

How many homes are available in 18232, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3738+2.7%

Summary: The 18232 real estate market had 38 homes for sale in December 2024, a 2.7% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 87
-12.5%
3 1416
+14.3%
4 88
0.0%
5+ 77
0.0%

Summary: The 18232 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 18232, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in 18232 in December 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.

Days on Market for 18232, PA

How long does it take to sell a home in 18232, PA?

Average Sale Time

Dec 2023Dec 2024CHANGE
48 Days29 Days-38.9%

Summary: Homes in 18232 had an average of 29 days on market in Dec 2024, down by 38.9% compared to last year.

Breakdown of Home Sale Times

4 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 18232 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 5 homes were sold in 18232; 80% of homes were sold within 30 days, 20% 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 1 Day Ago

Newest Listings in 18232, PA

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