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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19142 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 19142 was a Seller's Market.

Key Takeaway

19142 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 19142, PA

How much do homes in 19142, PA cost?

Median Sold Price

$129,450

$113/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$9,450(+7.9%)

Key Takeaway

Homes in 19142 have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in 19142 was $129,450 in November 2024, up 7.9% from last year, and the median price per square foot was $113.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$46K
N/A
2 $68.5K$74K
+8.0%
3 $116.7K$125K
+7.1%
4 $167.2K$189.8K
+13.5%
5+ $220K$270K
+22.7%

Summary: 19142 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 22.7%.

Median Sold Price Compared To Nearby Zip Codes

19050
+18.2%
19153
+12.5%
19142
+7.9%
19023
+5.9%
19143
+5.2%

Housing Supply in 19142, PA

How many homes are available in 19142, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
98117+19.4%

Summary: The 19142 real estate market had 117 homes for sale in November 2024, a 19.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1114
+27.3%
3 7490
+21.6%
4 1211
-8.3%
5+ 12
+100.0%

Summary: The 19142 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 21.6%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1019+90.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 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 may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 19142 in November 2024, up by 90.0% month-over-month. Of the 19 sold homes, 47% were sold under asking, 21% were sold at asking, and 32% 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

Nov 2023Nov 2024CHANGE
37 Days55 Days+49.6%

Summary: Homes in 19142 had an average of 55 days on market in Nov 2024, up by 49.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 19142 has remained consistent over time.

Summary: During November 2024, 19 homes were sold in 19142; 37% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 21% 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 22 Days Ago

Newest Listings in 19142, PA

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