Is 19342, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19342 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 19342 has remained a Seller's Market.

Key Takeaway

19342 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19342, PA

How much do homes in 19342, PA cost?

Median Sold Price

$625,000

$238/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,750(+2.4%)

Key Takeaway

Homes in 19342 have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in 19342 was $625,000 in October 2024, up 2.4% from last year, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $155K$199K
+28.4%
2 $340K$362.5K
+6.6%
3 $540K$559.7K
+3.7%
4 $781.5K$750K
-4.0%
5+ $735K$977K
+32.9%

Summary: 19342 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.4%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 32.9%.

Median Sold Price Compared To Nearby Zip Codes

19060
+10.3%
19014
+5.9%
19342
+2.4%

Housing Supply in 19342, PA

How many homes are available in 19342, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5463+16.7%

Summary: The 19342 real estate market had 63 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 811
+37.5%
3 1713
-23.5%
4 2130
+42.9%
5+ 89
+12.5%

Summary: The 19342 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 37.5%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1216+33.3%

Asking Price vs. Sold Price

8 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 19342, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 19342 in October 2024, up by 33.3% month-over-month. Of the 16 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.

Days on Market for 19342, PA

How long does it take to sell a home in 19342, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days41 Days+237.3%

Summary: Homes in 19342 had an average of 41 days on market in Oct 2024, up by 237.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19342 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in 19342; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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 5 Days Ago

Newest Listings in 19342, PA

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