Is 19002, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19002 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 19002 has remained a Seller's Market.

Key Takeaway

19002 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19002, PA

How much do homes in 19002, PA cost?

Median Sold Price

$685,000

$263/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$70,000(+11.4%)

Key Takeaway

Homes in 19002 have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in 19002 was $685,000 in October 2024, up 11.4% from last year, and the median price per square foot was $263.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $202K$204K
+1.0%
2 $335K$419K
+25.1%
3 $491.6K$545K
+10.9%
4 $775K$785K
+1.3%
5+ $1.0M$1.0M
+4.3%

Summary: 19002 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 25.1%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 4.3%.

Median Sold Price Compared To Nearby Zip Codes

19002
+11.4%
19422
+5.9%

Housing Supply in 19002, PA

How many homes are available in 19002, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
126128+1.6%

Summary: The 19002 real estate market had 128 homes for sale in October 2024, a 1.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 1412
-14.3%
3 5545
-18.2%
4 3645
+25.0%
5+ 2024
+20.0%

Summary: The 19002 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3235+9.4%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19002, you could pay more than the asking price. 37.1% of homes here sold above asking price last month.

Summary: A total of 35 homes were sold or pending in 19002 in October 2024, up by 9.4% month-over-month. Of the 35 sold homes, 29% were sold under asking, 34% were sold at asking, and 37% were sold over asking.

Days on Market for 19002, PA

How long does it take to sell a home in 19002, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days29 Days+41.0%

Summary: Homes in 19002 had an average of 29 days on market in Oct 2024, up by 41% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19002 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 35 homes were sold in 19002; 74% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% 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 4 Days Ago

Newest Listings in 19002, PA

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