Is 19608, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19608 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 19608 has remained a Seller's Market.

Key Takeaway

19608 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19608, PA

How much do homes in 19608, PA cost?

Median Sold Price

$365,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$35,000(-8.8%)

Key Takeaway

Homes in 19608 have sold for 8.7% less than they did a year ago.

Summary: The median home sold price in 19608 was $365,000 in October 2024, down 8.8% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$105K
N/A
2 $267.5K$249.2K
-6.8%
3 $294.9K$315K
+6.8%
4 $460K$463K
+0.7%
5+ $547.4K$555K
+1.4%

Summary: 19608 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 1.4%.

Median Sold Price Compared To Nearby Zip Codes

19565
+10.3%
19607
+9.6%
19610
+9.2%
19609
-3.6%
19608
-8.8%

Housing Supply in 19608, PA

How many homes are available in 19608, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5053+6.0%

Summary: The 19608 real estate market had 53 homes for sale in October 2024, a 6.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 00
0.0%
3 2028
+40.0%
4 2320
-13.0%
5+ 65
-16.7%

Summary: The 19608 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1814-22.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19608, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in 19608 in October 2024, down by 22.2% month-over-month. Of the 14 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.

Days on Market for 19608, PA

How long does it take to sell a home in 19608, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days21 Days-21.4%

Summary: Homes in 19608 had an average of 21 days on market in Oct 2024, down by 21.4% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19608 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 14 homes were sold in 19608; 86% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% 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 16 Days Ago

Newest Listings in 19608, PA

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