Is 19106, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19106 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 19106 has remained a Buyer's Market.

Key Takeaway

19106 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 19106, PA

How much do homes in 19106, PA cost?

Median Sold Price

$400,000

$375/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$10,000(-2.4%)

Key Takeaway

Homes in 19106 have sold for 2.4% less than they did a year ago.

Summary: The median home sold price in 19106 was $400,000 in October 2024, down 2.4% from last year, and the median price per square foot was $375.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $315K$290K
-7.9%
2 $499K$492.5K
-1.3%
3 $880K$908.8K
+3.3%
4 $1.4M$1.3M
-1.8%
5+ $1.5M$1.6M
+5.7%

Summary: 19106 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.9%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 5.7%.

Median Sold Price Compared To Nearby Zip Codes

19123
+10.5%
19147
+2.3%
19107
+1.3%
19106
-2.4%

Housing Supply in 19106, PA

How many homes are available in 19106, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
144150+4.2%

Summary: The 19106 real estate market had 150 homes for sale in October 2024, a 4.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 4649
+6.5%
2 4342
-2.3%
3 2526
+4.0%
4 2123
+9.5%
5+ 910
+11.1%

Summary: The 19106 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.5%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1816-11.1%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19106, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 19106 in October 2024, down by 11.1% month-over-month. Of the 16 sold homes, 88% were sold under asking, 6% were sold at asking, and 6% were sold over asking.

Days on Market for 19106, PA

How long does it take to sell a home in 19106, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
58 Days74 Days+28.4%

Summary: Homes in 19106 had an average of 74 days on market in Oct 2024, up by 28.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19106 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in 19106; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% 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 19106, PA

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