Is 19142, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19142 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 19142 was a Neutral Market.

Key Takeaway

19142 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 19142, PA

How much do homes in 19142, PA cost?

Median Sold Price

$120,000

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$10,000(-7.7%)

Key Takeaway

Homes in 19142 have sold for 7.7% less than they did a year ago.

Summary: The median home sold price in 19142 was $120,000 in October 2024, down 7.7% from last year, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$46K
N/A
2 $69K$72.5K
+5.1%
3 $127.5K$115K
-9.8%
4 $167.2K$189.8K
+13.5%
5+ $220K$270K
+22.7%

Summary: 19142 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.1%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 22.7%.

Median Sold Price Compared To Nearby Zip Codes

19050
+12.9%
19153
+9.8%
19023
+5.5%
19143
+2.5%
19142
-7.7%

Housing Supply in 19142, PA

How many homes are available in 19142, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
100114+14.0%

Summary: The 19142 real estate market had 114 homes for sale in October 2024, a 14.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1315
+15.4%
3 7383
+13.7%
4 1213
+8.3%
5+ 23
+50.0%

Summary: The 19142 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 15.4%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1710-41.2%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19142, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in 19142 in October 2024, down by 41.2% month-over-month. Of the 10 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.

Days on Market for 19142, PA

How long does it take to sell a home in 19142, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
43 Days31 Days-28.5%

Summary: Homes in 19142 had an average of 31 days on market in Oct 2024, down by 28.5% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19142 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in 19142; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% 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 19142, PA

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