Is 19083, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19083 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 19083 has remained a Seller's Market.

Key Takeaway

19083 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19083, PA

How much do homes in 19083, PA cost?

Median Sold Price

$510,000

$274/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$40,000(+8.5%)

Key Takeaway

Homes in 19083 have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in 19083 was $510,000 in October 2024, up 8.5% from last year, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $140K$146.7K
+4.8%
2 $200K$175K
-12.5%
3 $449K$465K
+3.6%
4 $550K$585K
+6.4%
5+ $625K$704.5K
+12.7%

Summary: 19083 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 12.7%.

Median Sold Price Compared To Nearby Zip Codes

19041
+14.4%
19083
+8.5%
19026
+6.0%
19082
+5.6%
19003
+3.2%

Housing Supply in 19083, PA

How many homes are available in 19083, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
87107+23.0%

Summary: The 19083 real estate market had 107 homes for sale in October 2024, a 23.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 14
+300.0%
3 4549
+8.9%
4 2837
+32.1%
5+ 1215
+25.0%

Summary: The 19083 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 300%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 32.1%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2234+54.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19083, you could pay more than the asking price. 61.8% of homes here sold above asking price last month.

Summary: A total of 34 homes were sold or pending in 19083 in October 2024, up by 54.5% month-over-month. Of the 34 sold homes, 35% were sold under asking, 3% were sold at asking, and 62% were sold over asking.

Days on Market for 19083, PA

How long does it take to sell a home in 19083, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days22 Days-20.4%

Summary: Homes in 19083 had an average of 22 days on market in Oct 2024, down by 20.4% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19083 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 34 homes were sold in 19083; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% 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 19083, PA

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