Is 18977, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 18977 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 18977 has remained a Seller's Market.

Key Takeaway

18977 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 18977, PA

How much do homes in 18977, PA cost?

Median Sold Price

$723,750

$279/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$6,250(+0.9%)

Key Takeaway

Homes in 18977 have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in 18977 was $723,750 in October 2024, up 0.9% from last year, and the median price per square foot was $279.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $575K$681K
+18.4%
3 $626K$721.8K
+15.3%
4 $790K$855K
+8.2%
5+ $960K$1.1M
+14.6%

Summary: 18977 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 increased by 15.3%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 14.6%.

Median Sold Price Compared To Nearby Zip Codes

08628
+11.2%
19067
+6.4%
18977
+0.9%
18940
-6.2%

Housing Supply in 18977, PA

How many homes are available in 18977, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2116-23.8%

Summary: The 18977 real estate market had 16 homes for sale in October 2024, a 23.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 99
0.0%
4 53
-40.0%
5+ 43
-25.0%

Summary: The 18977 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 18977, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 18977 in October 2024, down by 62.5% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 18977, PA

How long does it take to sell a home in 18977, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days8 Days-71.1%

Summary: Homes in 18977 had an average of 8 days on market in Oct 2024, down by 71.1% compared to last year.

Breakdown of Home Sale Times

3 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 18977 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 18977; 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 18977, PA

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