$4,038 Closing Credit*
$340,000
837 SqFt
2 Beds
•2 Full Baths
Senol Onal, Listing Office: RE/MAX Properties - Newtown
Is 19053, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 19053 has remained a Seller's Market.
Key Takeaway
19053 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19053, PA
How much do homes in 19053, PA cost?
Median Sold Price
$470,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+8.0%)
Key Takeaway
Homes in 19053 have sold for 8% more than they did a year ago.
Summary: The median home sold price in 19053 was $470,000 in October 2024, up 8% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $180K | -41.9% |
| 2 Bedrooms | $345K | $360.2K | +4.4% |
| 3 Bedrooms | $400K | $450K | +12.5% |
| 4 Bedrooms | $525K | $589.9K | +12.4% |
| 5+ Bedrooms | $520K | $520K | 0.0% |
Summary: 19053 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.9%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes did not change.
Housing Supply in 19053, PA
How many homes are available in 19053, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 55 | 0.0% |
Summary: The 19053 real estate market had 55 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 23 | 25 | +8.7% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 19053 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19053, expect to pay close to the asking price. 43.8% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in 19053 in October 2024, down by 11.1% month-over-month. Of the 16 sold homes, 38% were sold under asking, 44% were sold at asking, and 19% were sold over asking.
Days on Market for 19053, PA
How long does it take to sell a home in 19053, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 53 Days | +446.9% |
Summary: Homes in 19053 had an average of 53 days on market in Oct 2024, up by 446.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19053 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in 19053; 50% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
