Irwin, PA 15642 Real Estate Market Report

ZIP Code: 15642
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Irwin, PA are averaging 6.3%, which is 0.43% higher than the 5.87% average observed in February 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market indicator, the $249,900 median sold price, shows recent transaction-level value and suggests realized prices are notably below asking levels given the $315,000 median listing price, which may indicate pricing friction between seller expectations and closed-sale reality.

2. Liquidity appears subdued: the 212 median days on market reflects slower sales velocity and may indicate extended time to contract despite a hot market temperature, pointing to cautious buyer behavior or negotiation-driven closings.

3. Market strength signals are mixed: broader indices classify the market as hot, yet the price year-over-year trend is down, so while competitive conditions exist, realized prices are softening and sellers should temper aggressive pricing assumptions.

4. Cost and rental context create strategic constraints: the median market rent of $1,295 is rising (up) even as borrowing pressure is elevated and local mortgage conditions sit at Current 30-year fixed mortgage rates in Irwin, PA are averaging 6.3%, which is 0.43% higher than the 5.87% average observed in February 2026, so investors and owner-occupiers should factor higher financing costs into pricing and hold/sell timing decisions.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.