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 November 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

$382,500

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$17,500(+4.8%)

Key Takeaway

Homes in 18951 have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in 18951 was $382,500 in November 2024, up 4.8% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $320K$174.9K
-45.3%
2 $242.5K$279K
+15.1%
3 $337K$350K
+3.9%
4 $424.9K$544K
+28.0%
5+ $511.5K$448.5K
-12.3%

Summary: 18951 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.3%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 28%, and 5+ bedroom homes decreased by 12.3%.

Median Sold Price Compared To Nearby Zip Codes

18036
+5.9%
18951
+4.8%
18955
-2.4%

Housing Supply in 18951, PA

How many homes are available in 18951, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9680-16.7%

Summary: The 18951 real estate market had 80 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 912
+33.3%
3 4840
-16.7%
4 3221
-34.4%
5+ 77
0.0%

Summary: The 18951 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 34.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3826-31.6%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

13 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. 50% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in 18951 in November 2024, down by 31.6% month-over-month. Of the 26 sold homes, 38% were sold under asking, 12% were sold at asking, and 50% 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

Nov 2023Nov 2024CHANGE
21 Days22 Days+6.8%

Summary: Homes in 18951 had an average of 22 days on market in Nov 2024, up by 6.8% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 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 November 2024, 26 homes were sold in 18951; 73% of homes were sold within 30 days, 27% 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 10 Days Ago

Newest Listings in 18951, PA

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