Is 19050, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19050 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 19050 has remained a Seller's Market.

Key Takeaway

19050 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19050, PA

How much do homes in 19050, PA cost?

Median Sold Price

$254,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,000(+12.9%)

Key Takeaway

Homes in 19050 have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in 19050 was $254,000 in October 2024, up 12.9% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $92K$112K
+21.7%
2 $146K$165.6K
+13.5%
3 $212K$245K
+15.6%
4 $260K$285K
+9.6%
5+ $296.5K$359.5K
+21.2%

Summary: 19050 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.7%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 21.2%.

Median Sold Price Compared To Nearby Zip Codes

19050
+12.9%
19082
+5.6%
19023
+5.5%
19143
+2.5%
19142
-7.7%

Housing Supply in 19050, PA

How many homes are available in 19050, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7484+13.5%

Summary: The 19050 real estate market had 84 homes for sale in October 2024, a 13.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 21
-50.0%
3 3946
+17.9%
4 1821
+16.7%
5+ 1213
+8.3%

Summary: The 19050 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2015-25.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19050, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 19050 in October 2024, down by 25.0% month-over-month. Of the 15 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for 19050, PA

How long does it take to sell a home in 19050, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days11 Days-60.7%

Summary: Homes in 19050 had an average of 11 days on market in Oct 2024, down by 60.7% compared to last year.

Breakdown of Home Sale Times

14 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 19050 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in 19050; 93% of homes were sold within 30 days, 7% 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 4 Days Ago

Newest Listings in 19050, PA

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