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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19124 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 19124 has remained a Seller's Market.

Key Takeaway

19124 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19124, PA

How much do homes in 19124, PA cost?

Median Sold Price

$175,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$7,833(+4.7%)

Key Takeaway

Homes in 19124 have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in 19124 was $175,000 in December 2024, up 4.7% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $95K$92.5K
-2.6%
2 $140K$151.7K
+8.4%
3 $169.1K$180K
+6.4%
4 $205K$199.9K
-2.5%
5+ $190K$244K
+28.4%

Summary: 19124 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 28.4%.

Median Sold Price Compared To Nearby Zip Codes

19137
+23.8%
19120
+10.6%
19149
+5.9%
19134
+5.6%
19124
+4.7%

Housing Supply in 19124, PA

How many homes are available in 19124, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
192186-3.1%

Summary: The 19124 real estate market had 186 homes for sale in December 2024, a 3.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 3735
-5.4%
3 114114
0.0%
4 2826
-7.1%
5+ 119
-18.2%

Summary: The 19124 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3935-10.3%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19124, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in 19124 in December 2024, down by 10.3% month-over-month. Of the 35 sold homes, 49% were sold under asking, 20% were sold at asking, and 31% 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

Dec 2023Dec 2024CHANGE
35 Days36 Days+1.9%

Summary: Homes in 19124 had an average of 36 days on market in Dec 2024, up by 1.9% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

4 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 December 2024, 35 homes were sold in 19124; 60% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 11% 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 8 Days Ago

Newest Listings in 19124, PA

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