Is 19121, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19121 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 19121 was a Seller's Market.

Key Takeaway

19121 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 19121, PA

How much do homes in 19121, PA cost?

Median Sold Price

$229,500

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,500(+5.3%)

Key Takeaway

Homes in 19121 have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in 19121 was $229,500 in October 2024, up 5.3% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$91.5K
N/A
2 $219K$195K
-11.0%
3 $200.5K$200K
-0.2%
4 $250K$330K
+32.0%
5+ $210K$239.5K
+14.0%

Summary: 19121 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 decreased by 11%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 32%, and 5+ bedroom homes increased by 14%.

Median Sold Price Compared To Nearby Zip Codes

19130
+8.0%
19121
+5.3%
19131
+4.0%
19122
-2.1%
19132
-15.8%

Housing Supply in 19121, PA

How many homes are available in 19121, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
212246+16.0%

Summary: The 19121 real estate market had 246 homes for sale in October 2024, a 16.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 4146
+12.2%
3 96107
+11.5%
4 4449
+11.4%
5+ 3143
+38.7%

Summary: The 19121 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 12.2%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 38.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1723+35.3%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19121, you may be able to get a good deal. 73.9% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 19121 in October 2024, up by 35.3% month-over-month. Of the 23 sold homes, 74% were sold under asking, 17% were sold at asking, and 9% were sold over asking.

Days on Market for 19121, PA

How long does it take to sell a home in 19121, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
81 Days60 Days-25.8%

Summary: Homes in 19121 had an average of 60 days on market in Oct 2024, down by 25.8% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19121 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 23 homes were sold in 19121; 61% of homes were sold within 30 days, 22% 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 23 Days Ago

Newest Listings in 19121, PA

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