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 5 Days Ago

Newest Listings in 19124, PA

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