Is 19061, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19061 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 19061 has remained a Seller's Market.

Key Takeaway

19061 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19061, PA

How much do homes in 19061, PA cost?

Median Sold Price

$279,900

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,950(+9.8%)

Key Takeaway

Homes in 19061 have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in 19061 was $279,900 in October 2024, up 9.8% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$67.5K
N/A
2 $249.5K$251K
+0.6%
3 $225K$259.8K
+15.5%
4 $345K$380K
+10.1%
5+ $327.5K$380K
+16.0%

Summary: 19061 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 16%.

Median Sold Price Compared To Nearby Zip Codes

19013
+15.2%
19060
+10.3%
19061
+9.8%
19014
+5.9%
19703
+1.9%

Housing Supply in 19061, PA

How many homes are available in 19061, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7983+5.1%

Summary: The 19061 real estate market had 83 homes for sale in October 2024, a 5.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1311
-15.4%
3 4849
+2.1%
4 1519
+26.7%
5+ 23
+50.0%

Summary: The 19061 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 15.4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1831+72.2%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19061, you could pay more than the asking price. 41.9% of homes here sold above asking price last month.

Summary: A total of 31 homes were sold or pending in 19061 in October 2024, up by 72.2% month-over-month. Of the 31 sold homes, 35% were sold under asking, 23% were sold at asking, and 42% were sold over asking.

Days on Market for 19061, PA

How long does it take to sell a home in 19061, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days15 Days+12.5%

Summary: Homes in 19061 had an average of 15 days on market in Oct 2024, up by 12.5% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19061 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 31 homes were sold in 19061; 81% of homes were sold within 30 days, 19% 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 19061, PA

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