Is 18424, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 18424 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 18424 has remained a Seller's Market.

Key Takeaway

18424 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 18424, PA

How much do homes in 18424, PA cost?

Median Sold Price

$281,075

$178/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$85,575(+43.8%)

Key Takeaway

Homes in 18424 have sold for 43.8% more than they did a month ago.

Summary: The median home sold price in 18424 was $281,075 in October 2024, up 43.8% from last month, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $180K$351K
+95.0%
3 $207K$211.1K
+2.0%
4 --
N/A
5+ --
N/A

Summary: 18424 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 increased by 95%, 3 bedroom homes increased by 2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 18424, PA

How many homes are available in 18424, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
149-35.7%

Summary: The 18424 real estate market had 9 homes for sale in October 2024, a 35.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 104
-60.0%
4 13
+200.0%
5+ 11
0.0%

Summary: The 18424 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 decreased by 50%, 3 bedroom homes decreased by 60%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 18424, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in 18424 in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 18424, PA

How long does it take to sell a home in 18424, PA?

Average Sale Time

Sep 2024Oct 2024CHANGE
59 Days7 Days-88.1%

Summary: Homes in 18424 had an average of 7 days on market in Oct 2024, down by 88.1% compared to last month.

Breakdown of Home Sale Times

2 Homes Were 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 18424 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 18424; 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 17 Days Ago

Newest Listings in 18424, PA

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