15424 Housing Market Report May 2025•Somerset County, Pennsylvania

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Housing Prices in 15424, PA

How much do homes in 15424, PA cost?

Housing Market Conditions

Is 15424, PA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

15424 is a Seller's Market

Difference Since April 2025

Last month, 15424 was a Buyer's Market.

Insight

15424 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$139,410$111/SqFt
-$173,090
-55.4%

Based on all homes sold in May 2025

Insight

Homes in 15424 have sold for 55.4% less than they did a month ago.

Summary: The median home sold price in 15424 was $139,410 in May 2025, down 55.4% from last month, and the median price per square foot was $111.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsApr 2025May 2025Change MoM
1--
N/A
2$140K-
N/A
3$485K$139.4K
-71.3%
4--
N/A
5--
N/A

Summary: 15424 housing price by bedroom type for May 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -71.3%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does 15424, PA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

15424, PA

Housing supply in 15424, PA

How many homes are available in 15424, PA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
14Last MonthMay 2025
162 months agoApr 2025
-12.5 %
Change MoMApr – May

Summary: The 15424 real estate market had 14 homes for sale in May 2025, a 12.5 % decrease compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
3Last MonthMay 2025
22 months agoApr 2025
+50.0 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
100
0.0%
243
-25.0%
387
-12.5%
433
0.0%
511
0.0%

Summary: 15424 housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -25.0%. The inventory for 3 bedroom homes decreased by -12.5%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 15424, PA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in 15424, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 15424 in May 2025, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and and 67% were sold over asking.

Days on Market for 15424, PA

How long does it take to sell a home in 15424, PA?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days0 Home

Over 90 Days3 Homes

Insight

Most homes in 15424 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2025, 3 homes were sold in 15424; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
189 DaysLast MonthMay 2025
183 Days1 month agoApr 2025
+3.5 %
Change MoMApr – May

Summary: Homes in 15424 had an average listing age of 189 days in May 2025, up by 3.5% compared to the previous month.

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Newest Listings in 15424, PA

What homes are available in 15424, PA?

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Nearby markets aren't available for 15424, PA

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MLS Disclaimers and Copyright

Based on information from West Penn Multi-List Inc., Cambria-Somerset Association of Realtors MLS, BrightMLS, and Allegheny Highland Association of REALTORS MLS for the period 04/01/2025 - 06/01/2025

IDX The multiple listing information is provided by West Penn Multi-List, Inc. Information deemed reliable, but not guaranteed. IDX info provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change, or withdrawal. Listings displaying the IDX logo belong to brokers other than this broker. Neither the listing broker(s) nor this broker or the MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

Copyright © 2025 West Penn Multi-List, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/27/2025, 7:45:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listing information provided in part by the Cambria Somerset Association of Realtors MLS for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © 2025 Cambria Somerset Association of Realtors MLS 2025. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/27/2025, 7:45:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/27/2025, 7:45:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listing information provided in part by the Allegheny Highland Association of Realtors MLS for personal, non-commercial use. No Data may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © 2025 Allegheny Highland Association of Realtors MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/27/2025, 7:45:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.