Is 19401, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19401 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 19401 has remained a Seller's Market.

Key Takeaway

19401 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19401, PA

How much do homes in 19401, PA cost?

Median Sold Price

$265,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$24,750(+10.3%)

Key Takeaway

Homes in 19401 have sold for 10.3% more than they did a year ago.

Summary: The median home sold price in 19401 was $265,000 in November 2024, up 10.3% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $280K$187.5K
-33.0%
2 $212.5K$175K
-17.6%
3 $263K$282.5K
+7.4%
4 $195K$280K
+43.6%
5+ $201.2K$252.5K
+25.5%

Summary: 19401 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 43.6%, and 5+ bedroom homes increased by 25.5%.

Median Sold Price Compared To Nearby Zip Codes

19405
+16.6%
19462
+11.1%
19401
+10.3%
19406
+5.0%
19403
+3.9%

Housing Supply in 19401, PA

How many homes are available in 19401, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
116107-7.8%

Summary: The 19401 real estate market had 107 homes for sale in November 2024, a 7.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1213
+8.3%
3 7161
-14.1%
4 1918
-5.3%
5+ 1314
+7.7%

Summary: The 19401 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 8.3%, 3 bedroom homes decreased by 14.1%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3224-25.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19401, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in 19401 in November 2024, down by 25.0% month-over-month. Of the 24 sold homes, 42% were sold under asking, 38% were sold at asking, and 21% were sold over asking.

Days on Market for 19401, PA

How long does it take to sell a home in 19401, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
21 Days24 Days+13.8%

Summary: Homes in 19401 had an average of 24 days on market in Nov 2024, up by 13.8% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19401 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 24 homes were sold in 19401; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% 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 19401, PA

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