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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19079 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 19079 was a Seller's Market.

Key Takeaway

19079 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 19079, PA

How much do homes in 19079, PA cost?

Median Sold Price

$200,000

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since November 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 November 2024, up 8.1% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $103K-
N/A
2 $94K$109K
+16.0%
3 $189.9K$202.5K
+6.6%
4 $223K$230K
+3.1%
5+ $211K$270K
+28.0%

Summary: 19079 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 increased by 16%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 28%.

Median Sold Price Compared To Nearby Zip Codes

19153
+12.5%
19079
+8.1%
19023
+5.9%
19032
+4.0%

Housing Supply in 19079, PA

How many homes are available in 19079, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2116-23.8%

Summary: The 19079 real estate market had 16 homes for sale in November 2024, a 23.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 1412
-14.3%
4 42
-50.0%
5+ 22
0.0%

Summary: The 19079 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 decreased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
92-77.8%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19079, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in 19079 in November 2024, down by 77.8% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Nov 2023Nov 2024CHANGE
45 Days3 Days-93.4%

Summary: Homes in 19079 had an average of 3 days on market in Nov 2024, down by 93.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were 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 November 2024, 2 homes were sold in 19079; 100% of homes were sold within 30 days, 0% 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 22 Days Ago

Newest Listings in 19079, PA

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