16101 Housing Market Report February 2025•Lawrence County, Pennsylvania

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Housing Prices in 16101, PA

How much do homes in 16101, PA cost?

Housing Market Conditions

Is 16101, 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

16101 is a Buyer's Market

Difference Since February 2024

At the same time last year, 16101 was a Seller's Market.

Insight

16101 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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.
$115,000$85/SqFt
+$10,000
+9.5%

Based on all homes sold in the last 12 months

Insight

Homes in 16101 have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in 16101 was $115,000 in February 2025, up 9.5% from last year, and the median price per square foot was $85.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
16102
+41.3%
16105
+10.4%
16101
+9.5%

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.
BedsFeb 2024Feb 2025Change YoY
1$34.9K$64K
+83.4%
2$73.5K$87K
+18.4%
3$115K$127K
+10.4%
4$118K$132.5K
+12.2%
5$190K$93.7K
-50.7%

Summary: 16101 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +83.4%. The home price for 2 bedroom homes increased by +18.4%. The home price for 3 bedroom homes increased by +10.4%. The home price for 4 bedroom homes increased by +12.2%. The home price for 5 bedroom homes decreased by -50.7%.

Housing supply in 16101, PA

How many homes are available in 16101, 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
128Last MonthFeb 2025
1052 months agoJan 2025
+21.9 %
Change MoMJan – Feb

Summary: The 16101 real estate market had 128 homes for sale in Feb 2025, a 21.9 % increase compared to Jan 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
10Last MonthFeb 2025
172 months agoJan 2025
-41.2 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
111
0.0%
22434
+41.7%
36574
+13.8%
41417
+21.4%
512
+100.0%

Summary: 16101 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +41.7%. The inventory for 3 bedroom homes increased by +13.8%. The inventory for 4 bedroom homes increased by +21.4%. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in 16101, 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 Price0 Home

At Asking Price2 Homes

Under Asking Price8 Homes

Insight

If you're buying a home in 16101, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 16101 in February 2025, down by 41.2% month-over-month. Of the 10 sold homes, 80% were sold under asking, 20% were sold at asking, and and 0% were sold over asking.

Days on Market for 16101, PA

How long does it take to sell a home in 16101, PA?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days3 Homes

Over 90 Days4 Homes

Insight

Most homes in 16101 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2025, 10 homes were sold in 16101; 30% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 40% 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.
This Year1 year agoChange YoY
88 DaysThis YearFeb 2025
49 Days1 year agoFeb 2024
+79.5 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 16101 had an average listing age of 88 days in Feb 2025, up by 79.5% compared to the previous year.

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Newest Listings in 16101, PA

What homes are available in 16101, PA?

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MLS Disclaimers and Copyright

Based on information from West Penn Multi-List Inc., for the period 03/01/2023 - 03/01/2025

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: 3/3/2025, 10:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.