Is 19124, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19124 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 19124 was a Seller's Market.

Key Takeaway

19124 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 19124, PA

How much do homes in 19124, PA cost?

Median Sold Price

$174,950

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,205(+3.1%)

Key Takeaway

Homes in 19124 have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in 19124 was $174,950 in October 2024, up 3.1% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $95K$65K
-31.6%
2 $140K$135.5K
-3.2%
3 $169.2K$175K
+3.4%
4 $220K$200K
-9.1%
5+ $207.4K$236K
+13.8%

Summary: 19124 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.6%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 13.8%.

Median Sold Price Compared To Nearby Zip Codes

19137
+14.0%
19120
+6.5%
19124
+3.1%
19149
+2.7%
19134
-16.8%

Housing Supply in 19124, PA

How many homes are available in 19124, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
197213+8.1%

Summary: The 19124 real estate market had 213 homes for sale in October 2024, a 8.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2837
+32.1%
3 136133
-2.2%
4 2433
+37.5%
5+ 910
+11.1%

Summary: The 19124 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 32.1%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3734-8.1%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19124, you could pay more than the asking price. 41.2% of homes here sold above asking price last month.

Summary: A total of 34 homes were sold or pending in 19124 in October 2024, down by 8.1% month-over-month. Of the 34 sold homes, 38% were sold under asking, 21% were sold at asking, and 41% were sold over asking.

Days on Market for 19124, PA

How long does it take to sell a home in 19124, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
47 Days57 Days+21.3%

Summary: Homes in 19124 had an average of 57 days on market in Oct 2024, up by 21.3% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19124 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 34 homes were sold in 19124; 56% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 24% 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 19124, PA

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