$75,000
1.56 Acres
Land
Keith Malone, Listing Office: RE/MAX Of Reading
Is 19551, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 19551 has remained a Seller's Market.
Key Takeaway
19551 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19551, PA
How much do homes in 19551, PA cost?
Median Sold Price
$273,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$31,000(+12.8%)
Key Takeaway
Homes in 19551 have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in 19551 was $273,000 in December 2024, up 12.8% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $135.5K | N/A |
| 2 Bedrooms | $183.2K | $258.3K | +41.0% |
| 3 Bedrooms | $260K | $270K | +3.8% |
| 4 Bedrooms | $292.5K | $451K | +54.2% |
| 5+ Bedrooms | - | $644.5K | N/A |
Summary: 19551 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 54.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 17569 | $294K | $349.9K | +19.0% |
| 19567 | $245K | $287.5K | +17.3% |
| 19565 | $290K | $330K | +13.8% |
| 19551 | $242K | $273K | +12.8% |
| 19506 | $352.5K | $393K | +11.5% |
Housing Supply in 19551, PA
How many homes are available in 19551, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Summary: The 19551 real estate market had 7 homes for sale in December 2024, a 12.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 19551 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19551, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 19551 in December 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for 19551, PA
How long does it take to sell a home in 19551, PA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 18 Days | 22 Days | +23.6% |
Summary: Homes in 19551 had an average of 22 days on market in Dec 2024, up by 23.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19551 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 4 homes were sold in 19551; 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.