Is 19012, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19012 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 19012 has remained a Seller's Market.

Key Takeaway

19012 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19012, PA

How much do homes in 19012, PA cost?

Median Sold Price

$425,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$77,500(+22.3%)

Key Takeaway

Homes in 19012 have sold for 22.3% more than they did a year ago.

Summary: The median home sold price in 19012 was $425,000 in October 2024, up 22.3% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $325K$287.4K
-11.5%
3 $323.7K$310K
-4.2%
4 $395K$500K
+26.6%
5+ $314.5K$499.5K
+58.8%

Summary: 19012 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 decreased by 11.5%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 26.6%, and 5+ bedroom homes increased by 58.8%.

Median Sold Price Compared To Nearby Zip Codes

19012
+22.3%
19027
+9.4%
19111
+8.2%
19120
+6.5%
19046
+1.4%

Housing Supply in 19012, PA

How many homes are available in 19012, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2631+19.2%

Summary: The 19012 real estate market had 31 homes for sale in October 2024, a 19.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 79
+28.6%
4 1519
+26.7%
5+ 11
0.0%

Summary: The 19012 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 increased by 28.6%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19012, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in 19012 in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.

Days on Market for 19012, PA

How long does it take to sell a home in 19012, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days6 Days-49.9%

Summary: Homes in 19012 had an average of 6 days on market in Oct 2024, down by 49.9% compared to last year.

Breakdown of Home Sale Times

8 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 19012 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 19012; 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 21 Days Ago

Newest Listings in 19012, PA

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