Is 19114, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19114 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 19114 has remained a Seller's Market.

Key Takeaway

19114 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19114, PA

How much do homes in 19114, PA cost?

Median Sold Price

$305,000

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$15,000(+5.2%)

Key Takeaway

Homes in 19114 have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in 19114 was $305,000 in December 2024, up 5.2% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $225K$208.7K
-7.2%
2 $235K$247.4K
+5.3%
3 $299K$323K
+8.0%
4 $405K$376.5K
-7.0%
5+ -$487K
N/A

Summary: 19114 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.2%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

19115
+10.3%
19020
+7.0%
19114
+5.2%
19154
+4.9%
19136
+4.8%

Housing Supply in 19114, PA

How many homes are available in 19114, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
10189-11.9%

Summary: The 19114 real estate market had 89 homes for sale in December 2024, a 11.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 33
0.0%
2 3525
-28.6%
3 4546
+2.2%
4 1310
-23.1%
5+ 55
0.0%

Summary: The 19114 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2235+59.1%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19114, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in 19114 in December 2024, up by 59.1% month-over-month. Of the 35 sold homes, 51% were sold under asking, 17% were sold at asking, and 31% were sold over asking.

Days on Market for 19114, PA

How long does it take to sell a home in 19114, PA?

Average Sale Time

Dec 2023Dec 2024CHANGE
20 Days39 Days+97.8%

Summary: Homes in 19114 had an average of 39 days on market in Dec 2024, up by 97.8% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19114 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 35 homes were sold in 19114; 60% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 17% 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 2 Days Ago

Newest Listings in 19114, PA

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