Is 19422, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19422 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 19422 has remained a Seller's Market.

Key Takeaway

19422 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19422, PA

How much do homes in 19422, PA cost?

Median Sold Price

$625,000

$261/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,000(+5.9%)

Key Takeaway

Homes in 19422 have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in 19422 was $625,000 in October 2024, up 5.9% from last year, and the median price per square foot was $261.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $251.4K$261.2K
+3.9%
2 $337K$348.7K
+3.5%
3 $587.5K$600K
+2.1%
4 $685K$795K
+16.1%
5+ $750K$1.0M
+42.0%

Summary: 19422 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 42%.

Median Sold Price Compared To Nearby Zip Codes

19034
+31.2%
19462
+15.2%
19002
+11.4%
19422
+5.9%
19454
+5.6%

Housing Supply in 19422, PA

How many homes are available in 19422, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5655-1.8%

Summary: The 19422 real estate market had 55 homes for sale in October 2024, a 1.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 78
+14.3%
3 2219
-13.6%
4 1717
0.0%
5+ 78
+14.3%

Summary: The 19422 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 14.3%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1316+23.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19422, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in 19422 in October 2024, up by 23.1% month-over-month. Of the 16 sold homes, 38% were sold under asking, 19% were sold at asking, and 44% were sold over asking.

Days on Market for 19422, PA

How long does it take to sell a home in 19422, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
6 Days20 Days+230.6%

Summary: Homes in 19422 had an average of 20 days on market in Oct 2024, up by 230.6% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19422 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in 19422; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 19422, PA

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