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 5 Days Ago

Newest Listings in 19012, PA

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