Is 19003, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19003 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 19003 has remained a Seller's Market.

Key Takeaway

19003 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19003, PA

How much do homes in 19003, PA cost?

Median Sold Price

$485,000

$301/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,000(+3.2%)

Key Takeaway

Homes in 19003 have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in 19003 was $485,000 in October 2024, up 3.2% from last year, and the median price per square foot was $301.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $230K$291.5K
+26.7%
2 $325K$348K
+7.1%
3 $460K$465K
+1.1%
4 $505K$612.5K
+21.3%
5+ $705K$660K
-6.4%

Summary: 19003 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.7%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes decreased by 6.4%.

Median Sold Price Compared To Nearby Zip Codes

19041
+14.4%
19096
+10.0%
19083
+8.5%
19003
+3.2%

Housing Supply in 19003, PA

How many homes are available in 19003, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3741+10.8%

Summary: The 19003 real estate market had 41 homes for sale in October 2024, a 10.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 64
-33.3%
3 1716
-5.9%
4 913
+44.4%
5+ 58
+60.0%

Summary: The 19003 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 33.3%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19003, you could pay more than the asking price. 70% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in 19003 in October 2024, down by 9.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 0% were sold at asking, and 70% were sold over asking.

Days on Market for 19003, PA

How long does it take to sell a home in 19003, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
8 Days12 Days+38.4%

Summary: Homes in 19003 had an average of 12 days on market in Oct 2024, up by 38.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were 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 19003 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in 19003; 90% of homes were sold within 30 days, 10% 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 4 Days Ago

Newest Listings in 19003, PA

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