Is 19038, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19038 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 19038 has remained a Seller's Market.

Key Takeaway

19038 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19038, PA

How much do homes in 19038, PA cost?

Median Sold Price

$450,000

$264/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since November 2023.

Key Takeaway

The sold price of homes in 19038 has remained the same since last year.

Summary: The median home sold price in 19038 was $450,000 in November 2024, the same as last year, and the median price per square foot was $264.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $126K-
N/A
2 $301K$299K
-0.7%
3 $415K$416.5K
0.4%
4 $485K$511.5K
+5.5%
5+ $643.8K$720.1K
+11.9%

Summary: 19038 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 11.9%.

Median Sold Price Compared To Nearby Zip Codes

19075
+14.0%
19150
+7.6%
19038
0.0%

Housing Supply in 19038, PA

How many homes are available in 19038, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8886-2.3%

Summary: The 19038 real estate market had 86 homes for sale in November 2024, a 2.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 4447
+6.8%
4 3428
-17.6%
5+ 77
0.0%

Summary: The 19038 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2233+50.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19038, you could pay more than the asking price. 51.5% of homes here sold above asking price last month.

Summary: A total of 33 homes were sold or pending in 19038 in November 2024, up by 50.0% month-over-month. Of the 33 sold homes, 24% were sold under asking, 24% were sold at asking, and 52% were sold over asking.

Days on Market for 19038, PA

How long does it take to sell a home in 19038, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
14 Days16 Days+12.7%

Summary: Homes in 19038 had an average of 16 days on market in Nov 2024, up by 12.7% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19038 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 33 homes were sold in 19038; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 3% 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 19038, PA

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