Is 19131, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19131 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 19131 was a Seller's Market.

Key Takeaway

19131 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 19131, PA

How much do homes in 19131, PA cost?

Median Sold Price

$175,000

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,000(+3.6%)

Key Takeaway

Homes in 19131 have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in 19131 was $175,000 in November 2024, up 3.6% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $147.5K$145K
-1.7%
2 $151.5K$168.4K
+11.2%
3 $167K$170K
+1.8%
4 $202K$200K
-1.0%
5+ $350K$325K
-7.1%

Summary: 19131 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 7.1%.

Median Sold Price Compared To Nearby Zip Codes

19139
+10.1%
19131
+3.6%
19004
-1.6%
19104
-22.3%

Housing Supply in 19131, PA

How many homes are available in 19131, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
133143+7.5%

Summary: The 19131 real estate market had 143 homes for sale in November 2024, a 7.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 67
+16.7%
2 1418
+28.6%
3 7276
+5.6%
4 3130
-3.2%
5+ 1012
+20.0%

Summary: The 19131 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2417-29.2%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19131, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 19131 in November 2024, down by 29.2% month-over-month. Of the 17 sold homes, 59% were sold under asking, 29% were sold at asking, and 12% were sold over asking.

Days on Market for 19131, PA

How long does it take to sell a home in 19131, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days36 Days+33.3%

Summary: Homes in 19131 had an average of 36 days on market in Nov 2024, up by 33.3% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19131 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 17 homes were sold in 19131; 65% of homes were sold within 30 days, 12% 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 21 Days Ago

Newest Listings in 19131, PA

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