$880,000
8.01 Acres
Land
Heather J Baumgardner, Listing Office: Keller Williams Main Line
Is 19118, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 19118 was a Buyer's Market.
Key Takeaway
19118 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 19118, PA
How much do homes in 19118, PA cost?
Median Sold Price
$720,000
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,000(+6.7%)
Key Takeaway
Homes in 19118 have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in 19118 was $720,000 in October 2024, up 6.7% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $899.7K | $320K | -64.4% |
| 2 Bedrooms | $560K | $585K | +4.5% |
| 3 Bedrooms | $515K | $494.2K | -4.0% |
| 4 Bedrooms | $650K | $1.3M | +100.0% |
| 5+ Bedrooms | $1.3M | $940K | -29.1% |
Summary: 19118 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.4%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 29.1%.
Housing Supply in 19118, PA
How many homes are available in 19118, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 50 | +8.7% |
Summary: The 19118 real estate market had 50 homes for sale in October 2024, a 8.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 17 | 15 | -11.8% |
Summary: The 19118 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 increased by 16.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19118, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 19118 in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% were sold over asking.
Days on Market for 19118, PA
How long does it take to sell a home in 19118, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 121 Days | +1553.4% |
Summary: Homes in 19118 had an average of 121 days on market in Oct 2024, up by 1553.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19118 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 19118; 63% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
