Is 19027, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19027 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 19027 has remained a Seller's Market.

Key Takeaway

19027 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19027, PA

How much do homes in 19027, PA cost?

Median Sold Price

$385,000

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$33,000(+9.4%)

Key Takeaway

Homes in 19027 have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in 19027 was $385,000 in October 2024, up 9.4% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $113.2K$125K
+10.4%
2 $242K$259.9K
+7.4%
3 $338K$379.2K
+12.2%
4 $465K$449.9K
-3.2%
5+ $520K$550K
+5.8%

Summary: 19027 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 12.2%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 5.8%.

Median Sold Price Compared To Nearby Zip Codes

19012
+22.3%
19095
+12.2%
19027
+9.4%
19046
+1.4%

Housing Supply in 19027, PA

How many homes are available in 19027, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7372-1.4%

Summary: The 19027 real estate market had 72 homes for sale in October 2024, a 1.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 24
+100.0%
2 1313
0.0%
3 2516
-36.0%
4 1521
+40.0%
5+ 1818
0.0%

Summary: The 19027 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 remained the same, 3 bedroom homes decreased by 36%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2113-38.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19027, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in 19027 in October 2024, down by 38.1% month-over-month. Of the 13 sold homes, 31% were sold under asking, 23% were sold at asking, and 46% were sold over asking.

Days on Market for 19027, PA

How long does it take to sell a home in 19027, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days31 Days+160.4%

Summary: Homes in 19027 had an average of 31 days on market in Oct 2024, up by 160.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19027 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 13 homes were sold in 19027; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% 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

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