Is 19020, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19020 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 19020 has remained a Seller's Market.

Key Takeaway

19020 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19020, PA

How much do homes in 19020, PA cost?

Median Sold Price

$405,000

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,000(+8.0%)

Key Takeaway

Homes in 19020 have sold for 8% more than they did a year ago.

Summary: The median home sold price in 19020 was $405,000 in October 2024, up 8% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $315K$215K
-31.7%
2 $315K$365K
+15.9%
3 $362K$385.5K
+6.5%
4 $506K$511.2K
+1.0%
5+ $515K$572.8K
+11.2%

Summary: 19020 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.7%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 11.2%.

Median Sold Price Compared To Nearby Zip Codes

19020
+8.0%
19154
+6.7%
19021
+6.2%
19114
+4.7%
08010
+1.8%

Housing Supply in 19020, PA

How many homes are available in 19020, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
112116+3.6%

Summary: The 19020 real estate market had 116 homes for sale in October 2024, a 3.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1117
+54.5%
3 5958
-1.7%
4 3536
+2.9%
5+ 75
-28.6%

Summary: The 19020 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 increased by 54.5%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2837+32.1%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19020, you may be able to get a good deal. 43.2% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in 19020 in October 2024, up by 32.1% month-over-month. Of the 37 sold homes, 43% were sold under asking, 27% were sold at asking, and 30% were sold over asking.

Days on Market for 19020, PA

How long does it take to sell a home in 19020, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days19 Days+41.9%

Summary: Homes in 19020 had an average of 19 days on market in Oct 2024, up by 41.9% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19020 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 37 homes were sold in 19020; 73% of homes were sold within 30 days, 27% 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 13 Days Ago

Newest Listings in 19020, PA

Nearby Markets to 19020, PA