Is 18951, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 18951 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 18951 has remained a Seller's Market.

Key Takeaway

18951 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 18951, PA

How much do homes in 18951, PA cost?

Median Sold Price

$384,986

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$19,986(+5.5%)

Key Takeaway

Homes in 18951 have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in 18951 was $384,986 in October 2024, up 5.5% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $320K$174.9K
-45.3%
2 $240.5K$279.9K
+16.4%
3 $336K$340K
+1.2%
4 $424.7K$555K
+30.7%
5+ $481.5K$460K
-4.5%

Summary: 18951 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.3%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 30.7%, and 5+ bedroom homes decreased by 4.5%.

Median Sold Price Compared To Nearby Zip Codes

18951
+5.5%
18036
+2.4%

Housing Supply in 18951, PA

How many homes are available in 18951, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
11491-20.2%

Summary: The 18951 real estate market had 91 homes for sale in October 2024, a 20.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 137
-46.2%
3 4843
-10.4%
4 4334
-20.9%
5+ 97
-22.2%

Summary: The 18951 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 46.2%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes decreased by 20.9%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4034-15.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 18951, you could pay more than the asking price. 41.2% of homes here sold above asking price last month.

Summary: A total of 34 homes were sold or pending in 18951 in October 2024, down by 15.0% month-over-month. Of the 34 sold homes, 32% were sold under asking, 26% were sold at asking, and 41% were sold over asking.

Days on Market for 18951, PA

How long does it take to sell a home in 18951, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days24 Days+29.5%

Summary: Homes in 18951 had an average of 24 days on market in Oct 2024, up by 29.5% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 18951 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 34 homes were sold in 18951; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 6% 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 18951, PA

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