Is 19041, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19041 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 19041 has remained a Seller's Market.

Key Takeaway

19041 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19041, PA

How much do homes in 19041, PA cost?

Median Sold Price

$982,575

$355/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$67,575(+7.4%)

Key Takeaway

Homes in 19041 have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in 19041 was $982,575 in November 2024, up 7.4% from last year, and the median price per square foot was $355.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $235K-
N/A
2 $615K$507.5K
-17.5%
3 $795K$790K
-0.6%
4 $929K$1.2M
+29.2%
5+ $2.2M$2.3M
+7.3%

Summary: 19041 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 17.5%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 7.3%.

Median Sold Price Compared To Nearby Zip Codes

19096
+16.8%
19041
+7.4%
19083
+4.3%
19010
+2.9%
19003
+2.7%

Housing Supply in 19041, PA

How many homes are available in 19041, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
22220.0%

Summary: The 19041 real estate market had 22 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 45
+25.0%
4 79
+28.6%
5+ 85
-37.5%

Summary: The 19041 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 37.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
18+700.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19041, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in 19041 in November 2024, up by 700.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for 19041, PA

How long does it take to sell a home in 19041, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
9 Days17 Days+78.2%

Summary: Homes in 19041 had an average of 17 days on market in Nov 2024, up by 78.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19041 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 8 homes were sold in 19041; 88% of homes were sold within 30 days, 13% 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 21 Days Ago

Newest Listings in 19041, PA

Nearby Markets to 19041, PA