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 21 Days Ago

Newest Listings in 19148, PA

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