Is 19462, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19462 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 19462 was a Seller's Market.

Key Takeaway

19462 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 19462, PA

How much do homes in 19462, PA cost?

Median Sold Price

$550,000

$258/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$72,500(+15.2%)

Key Takeaway

Homes in 19462 have sold for 15.2% more than they did a year ago.

Summary: The median home sold price in 19462 was $550,000 in October 2024, up 15.2% from last year, and the median price per square foot was $258.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $212.5K$210K
-1.2%
2 $315K$244.9K
-22.3%
3 $450K$500K
+11.1%
4 $550K$715K
+30.0%
5+ $1.2M$800K
-36.8%

Summary: 19462 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes decreased by 22.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 36.8%.

Median Sold Price Compared To Nearby Zip Codes

19444
+20.7%
19462
+15.2%
19401
+9.9%
19422
+5.9%
19428
+2.3%

Housing Supply in 19462, PA

How many homes are available in 19462, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4649+6.5%

Summary: The 19462 real estate market had 49 homes for sale in October 2024, a 6.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1315
+15.4%
4 2525
0.0%
5+ 57
+40.0%

Summary: The 19462 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 decreased by 33.3%, 3 bedroom homes increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
117-36.4%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19462, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in 19462 in October 2024, down by 36.4% month-over-month. Of the 7 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% were sold over asking.

Days on Market for 19462, PA

How long does it take to sell a home in 19462, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days17 Days+2.7%

Summary: Homes in 19462 had an average of 17 days on market in Oct 2024, up by 2.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19462 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in 19462; 86% of homes were sold within 30 days, 14% 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 5 Days Ago

Newest Listings in 19462, PA

Nearby Markets to 19462, PA