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 December 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

$399,950

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$49,950(+14.3%)

Key Takeaway

Homes in 19027 have sold for 14.3% more than they did a year ago.

Summary: The median home sold price in 19027 was $399,950 in December 2024, up 14.3% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $115K$125K
+8.7%
2 $207.5K$260K
+25.3%
3 $347.5K$379.2K
+9.1%
4 $470K$465K
-1.1%
5+ $520K$551.2K
+6.0%

Summary: 19027 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 25.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 6%.

Median Sold Price Compared To Nearby Zip Codes

19012
+28.2%
19027
+14.3%
19046
+7.2%

Housing Supply in 19027, PA

How many homes are available in 19027, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6972+4.3%

Summary: The 19027 real estate market had 72 homes for sale in December 2024, a 4.3% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 34
+33.3%
2 1416
+14.3%
3 1720
+17.6%
4 1714
-17.6%
5+ 1818
0.0%

Summary: The 19027 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1113+18.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 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. 69.2% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in 19027 in December 2024, up by 18.2% month-over-month. Of the 13 sold homes, 23% were sold under asking, 8% were sold at asking, and 69% 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

Dec 2023Dec 2024CHANGE
27 Days28 Days+1.7%

Summary: Homes in 19027 had an average of 28 days on market in Dec 2024, up by 1.7% 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 December 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 4 Days Ago

Newest Listings in 19027, PA

Nearby Markets to 19027, PA