Is 19072, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19072 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 19072 has remained a Seller's Market.

Key Takeaway

19072 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19072, PA

How much do homes in 19072, PA cost?

Median Sold Price

$705,250

$313/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$157,250(-18.2%)

Key Takeaway

Homes in 19072 have sold for 18.2% less than they did a year ago.

Summary: The median home sold price in 19072 was $705,250 in October 2024, down 18.2% from last year, and the median price per square foot was $313.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $190K$202.5K
+6.6%
2 $323.7K$310K
-4.2%
3 $515K$562.5K
+9.2%
4 $1.0M$1.0M
+7.5%
5+ $1.2M$1.3M
+4.6%

Summary: 19072 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 4.6%.

Median Sold Price Compared To Nearby Zip Codes

19127
+13.8%
19096
+10.0%
19066
+8.5%
19004
+4.7%
19072
-18.2%

Housing Supply in 19072, PA

How many homes are available in 19072, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3337+12.1%

Summary: The 19072 real estate market had 37 homes for sale in October 2024, a 12.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 45
+25.0%
3 108
-20.0%
4 1212
0.0%
5+ 49
+125.0%

Summary: The 19072 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 increased by 25%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 125%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
612+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19072, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in 19072 in October 2024, up by 100.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for 19072, PA

How long does it take to sell a home in 19072, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days17 Days-12.4%

Summary: Homes in 19072 had an average of 17 days on market in Oct 2024, down by 12.4% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19072 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in 19072; 83% of homes were sold within 30 days, 17% 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 19072, PA

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