Is 19123, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19123 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 19123 was a Seller's Market.

Key Takeaway

19123 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 19123, PA

How much do homes in 19123, PA cost?

Median Sold Price

$525,000

$305/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$50,000(+10.5%)

Key Takeaway

Homes in 19123 have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in 19123 was $525,000 in October 2024, up 10.5% from last year, and the median price per square foot was $305.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $285K$303K
+6.3%
2 $416.2K$400K
-3.9%
3 $639.2K$592K
-7.4%
4 $612.5K$774.9K
+26.5%
5+ $682.5K$928.6K
+36.1%

Summary: 19123 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes increased by 36.1%.

Median Sold Price Compared To Nearby Zip Codes

19123
+10.5%
19107
+1.3%
19122
-2.1%
19106
-2.4%

Housing Supply in 19123, PA

How many homes are available in 19123, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
135159+17.8%

Summary: The 19123 real estate market had 159 homes for sale in October 2024, a 17.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2326
+13.0%
2 3541
+17.1%
3 5363
+18.9%
4 1723
+35.3%
5+ 76
-14.3%

Summary: The 19123 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1517+13.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19123, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 19123 in October 2024, up by 13.3% month-over-month. Of the 17 sold homes, 71% were sold under asking, 18% were sold at asking, and 12% were sold over asking.

Days on Market for 19123, PA

How long does it take to sell a home in 19123, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days53 Days+26.3%

Summary: Homes in 19123 had an average of 53 days on market in Oct 2024, up by 26.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 19123 has remained consistent over time.

Summary: During October 2024, 17 homes were sold in 19123; 35% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 18% 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 21 Days Ago

Newest Listings in 19123, PA

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