Is 19055, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19055 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 19055 was a Seller's Market.

Key Takeaway

19055 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 19055, PA

How much do homes in 19055, PA cost?

Median Sold Price

$361,000

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$31,050(+9.4%)

Key Takeaway

Homes in 19055 have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in 19055 was $361,000 in November 2024, up 9.4% from last year, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $244.9K-
N/A
3 $307.5K$325K
+5.7%
4 $335K$382.9K
+14.3%
5+ $397.4K$408K
+2.7%

Summary: 19055 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 did not change, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 2.7%.

Median Sold Price Compared To Nearby Zip Codes

19007
+10.0%
19055
+9.4%
19057
+9.1%
19054
+8.4%

Housing Supply in 19055, PA

How many homes are available in 19055, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3334+3.0%

Summary: The 19055 real estate market had 34 homes for sale in November 2024, a 3.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 119
-18.2%
4 1921
+10.5%
5+ 34
+33.3%

Summary: The 19055 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 decreased by 18.2%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
155-66.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19055, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 19055 in November 2024, down by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for 19055, PA

How long does it take to sell a home in 19055, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days16 Days-39.1%

Summary: Homes in 19055 had an average of 16 days on market in Nov 2024, down by 39.1% compared to last year.

Breakdown of Home Sale Times

4 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 19055 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in 19055; 80% of homes were sold within 30 days, 20% 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 17 Days Ago

Newest Listings in 19055, PA

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