$6,828 Closing Credit*
$575,000
2,670 SqFt
4 Beds
•2 Full Baths, 1 Partial
Marlene M Ridgway, Listing Office: Century 21 Veterans-Newtown
Is 19047, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 19047 has remained a Seller's Market.
Key Takeaway
19047 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19047, PA
How much do homes in 19047, PA cost?
Median Sold Price
$549,900
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$46,233(+9.2%)
Key Takeaway
Homes in 19047 have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in 19047 was $549,900 in November 2024, up 9.2% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $237.5K | $255K | +7.4% |
| 2 Bedrooms | $444.7K | $360K | -19.1% |
| 3 Bedrooms | $415K | $470K | +13.3% |
| 4 Bedrooms | $645K | $630K | -2.3% |
| 5+ Bedrooms | $530K | $626K | +18.1% |
Summary: 19047 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes decreased by 19.1%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 18.1%.
Housing Supply in 19047, PA
How many homes are available in 19047, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 84 | 72 | -14.3% |
Summary: The 19047 real estate market had 72 homes for sale in November 2024, a 14.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 34 | 24 | -29.4% |
| 4 Bedrooms | 34 | 29 | -14.7% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The 19047 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 37.5%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 30 | +15.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19047, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in 19047 in November 2024, up by 15.4% month-over-month. Of the 30 sold homes, 43% were sold under asking, 10% were sold at asking, and 47% were sold over asking.
Days on Market for 19047, PA
How long does it take to sell a home in 19047, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 30 Days | +73.7% |
Summary: Homes in 19047 had an average of 30 days on market in Nov 2024, up by 73.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19047 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 30 homes were sold in 19047; 77% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
