Is 19148, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19148 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 19148 was a Seller's Market.

Key Takeaway

19148 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 19148, PA

How much do homes in 19148, PA cost?

Median Sold Price

$284,928

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$71(0%)

Key Takeaway

The sold price of homes in 19148 has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $240K$210.2K
-12.4%
2 $261K$265K
+1.5%
3 $289.9K$282K
-2.7%
4 $451.5K$517.5K
+14.6%
5+ $499K$338.5K
-32.2%

Summary: 19148 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.4%, 2 bedroom homes increased by 1.5%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes decreased by 32.2%.

Median Sold Price Compared To Nearby Zip Codes

08104
+41.3%
19147
+2.3%
19148
0%
19146
-0.5%
19145
-1.9%

Housing Supply in 19148, PA

How many homes are available in 19148, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
278324+16.5%

Summary: The 19148 real estate market had 324 homes for sale in October 2024, a 16.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 8599
+16.5%
3 159187
+17.6%
4 2830
+7.1%
5+ 57
+40.0%

Summary: The 19148 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 16.5%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3550+42.9%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19148, you may be able to get a good deal. 62% of homes here sold below asking price last month.

Summary: A total of 50 homes were sold or pending in 19148 in October 2024, up by 42.9% month-over-month. Of the 50 sold homes, 62% were sold under asking, 16% were sold at asking, and 22% were sold over asking.

Days on Market for 19148, PA

How long does it take to sell a home in 19148, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days70 Days+101.0%

Summary: Homes in 19148 had an average of 70 days on market in Oct 2024, up by 101% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19148 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 50 homes were sold in 19148; 58% of homes were sold within 30 days, 18% 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 4 Days Ago

Newest Listings in 19148, PA

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