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 4 Days Ago

Newest Listings in 19079, PA

Nearby Markets to 19079, PA