Is 19079, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19079 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 19079 was a Neutral Market.

Key Takeaway

19079 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19079, PA

How much do homes in 19079, PA cost?

Median Sold Price

$200,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,000(+8.1%)

Key Takeaway

Homes in 19079 have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in 19079 was $200,000 in October 2024, up 8.1% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $103K-
N/A
2 $91.5K$109K
+19.1%
3 $189.9K$200K
+5.3%
4 $223K$230K
+3.1%
5+ $193.5K$270K
+39.5%

Summary: 19079 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 19.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 39.5%.

Median Sold Price Compared To Nearby Zip Codes

19153
+9.8%
19079
+8.1%
19023
+5.5%
19032
0.1%

Housing Supply in 19079, PA

How many homes are available in 19079, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2220-9.1%

Summary: The 19079 real estate market had 20 homes for sale in October 2024, a 9.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1313
0.0%
4 54
-20.0%
5+ 32
-33.3%

Summary: The 19079 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19079, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in 19079 in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% were sold over asking.

Days on Market for 19079, PA

How long does it take to sell a home in 19079, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days16 Days-9.6%

Summary: Homes in 19079 had an average of 16 days on market in Oct 2024, down by 9.6% compared to last year.

Breakdown of Home Sale Times

6 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 19079 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in 19079; 86% of homes were sold within 30 days, 14% 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 21 Days Ago

Newest Listings in 19079, PA

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