Is 19607, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19607 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 19607 has remained a Seller's Market.

Key Takeaway

19607 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19607, PA

How much do homes in 19607, PA cost?

Median Sold Price

$255,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,000(+10.9%)

Key Takeaway

Homes in 19607 have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in 19607 was $255,000 in November 2024, up 10.9% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $136K$143K
+5.1%
2 $200K$215K
+7.5%
3 $225.1K$256.6K
+14.0%
4 $265K$319.9K
+20.7%
5+ $495K$307.5K
-37.9%

Summary: 19607 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes decreased by 37.9%.

Median Sold Price Compared To Nearby Zip Codes

19602
+29.5%
19610
+14.9%
19607
+10.9%
19611
+4.5%
19540
-11.1%

Housing Supply in 19607, PA

How many homes are available in 19607, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6866-2.9%

Summary: The 19607 real estate market had 66 homes for sale in November 2024, a 2.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 107
-30.0%
3 3837
-2.6%
4 1213
+8.3%
5+ 89
+12.5%

Summary: The 19607 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 decreased by 30%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2223+4.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19607, you could pay more than the asking price. 60.9% of homes here sold above asking price last month.

Summary: A total of 23 homes were sold or pending in 19607 in November 2024, up by 4.5% month-over-month. Of the 23 sold homes, 26% were sold under asking, 13% were sold at asking, and 61% were sold over asking.

Days on Market for 19607, PA

How long does it take to sell a home in 19607, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days12 Days-17.8%

Summary: Homes in 19607 had an average of 12 days on market in Nov 2024, down by 17.8% compared to last year.

Breakdown of Home Sale Times

19 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 19607 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 23 homes were sold in 19607; 83% of homes were sold within 30 days, 17% 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 17 Days Ago

Newest Listings in 19607, PA

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