Is 18972, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 18972 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 18972 was a Seller's Market.

Key Takeaway

18972 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 18972, PA

How much do homes in 18972, PA cost?

Median Sold Price

$490,000

$277/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,000(+6.5%)

Key Takeaway

Homes in 18972 have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in 18972 was $490,000 in October 2024, up 6.5% from last year, and the median price per square foot was $277.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $281.5K-
N/A
2 $380K$450K
+18.4%
3 $460K$450K
-2.2%
4 $722.5K$730K
+1.0%
5+ $1.5M$1.0M
-29.5%

Summary: 18972 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.4%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 29.5%.

Median Sold Price Compared To Nearby Zip Codes

08848
+35.3%
18972
+6.5%
08825
+5.9%

Housing Supply in 18972, PA

How many homes are available in 18972, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1014+40.0%

Summary: The 18972 real estate market had 14 homes for sale in October 2024, a 40.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 68
+33.3%
4 46
+50.0%
5+ 00
0.0%

Summary: The 18972 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 18972, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 18972 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 18972, PA

How long does it take to sell a home in 18972, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days46 Days+11.6%

Summary: Homes in 18972 had an average of 46 days on market in Oct 2024, up by 11.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 18972 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 18972; 50% of homes were sold within 30 days, 50% 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 14 Days Ago

Newest Listings in 18972, PA

Nearby Markets to 18972, PA