Is 19120, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19120 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 19120 was a Seller's Market.

Key Takeaway

19120 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 19120, PA

How much do homes in 19120, PA cost?

Median Sold Price

$181,066

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,066(+6.5%)

Key Takeaway

Homes in 19120 have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in 19120 was $181,066 in October 2024, up 6.5% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $335K-
N/A
2 $140K$140K
0.0%
3 $169.6K$180K
+6.1%
4 $202.5K$219.4K
+8.4%
5+ $195K$235.2K
+20.6%

Summary: 19120 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 20.6%.

Median Sold Price Compared To Nearby Zip Codes

19012
+22.3%
19126
+12.2%
19120
+6.5%
19141
+5.1%
19124
+3.1%

Housing Supply in 19120, PA

How many homes are available in 19120, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
158170+7.6%

Summary: The 19120 real estate market had 170 homes for sale in October 2024, a 7.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 69
+50.0%
3 130140
+7.7%
4 2020
0.0%
5+ 21
-50.0%

Summary: The 19120 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 50%, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3923-41.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19120, you could pay more than the asking price. 39.1% of homes here sold above asking price last month.

Summary: A total of 23 homes were sold or pending in 19120 in October 2024, down by 41.0% month-over-month. Of the 23 sold homes, 35% were sold under asking, 26% were sold at asking, and 39% were sold over asking.

Days on Market for 19120, PA

How long does it take to sell a home in 19120, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
39 Days32 Days-16.3%

Summary: Homes in 19120 had an average of 32 days on market in Oct 2024, down by 16.3% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19120 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 23 homes were sold in 19120; 70% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% 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 19120, PA

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