Is 18940, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 18940 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 18940 has remained a Seller's Market.

Key Takeaway

18940 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 18940, PA

How much do homes in 18940, PA cost?

Median Sold Price

$631,500

$284/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$43,500(-6.4%)

Key Takeaway

Homes in 18940 have sold for 6.4% less than they did a year ago.

Summary: The median home sold price in 18940 was $631,500 in November 2024, down 6.4% from last year, and the median price per square foot was $284.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $242K$295K
+21.9%
2 $340K$390.5K
+14.9%
3 $540K$579.7K
+7.4%
4 $835K$860K
+3.0%
5+ $1.2M$1.4M
+12.4%

Summary: 18940 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.9%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 12.4%.

Median Sold Price Compared To Nearby Zip Codes

18925
+16.3%
18966
+13.4%
18977
+0.6%
18954
-1.7%
18940
-6.4%

Housing Supply in 18940, PA

How many homes are available in 18940, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8976-14.6%

Summary: The 18940 real estate market had 76 homes for sale in November 2024, a 14.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 30
-100.0%
2 1918
-5.3%
3 2721
-22.2%
4 2725
-7.4%
5+ 1312
-7.7%

Summary: The 18940 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2627+3.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 18940, you could pay more than the asking price. 40.7% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in 18940 in November 2024, up by 3.8% month-over-month. Of the 27 sold homes, 37% were sold under asking, 22% were sold at asking, and 41% were sold over asking.

Days on Market for 18940, PA

How long does it take to sell a home in 18940, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
17 Days20 Days+20.5%

Summary: Homes in 18940 had an average of 20 days on market in Nov 2024, up by 20.5% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 18940 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 27 homes were sold in 18940; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 4% 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 18940, PA

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