Is Fox Chapel, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fox Chapel has remained a Buyer's Market.
Key Takeaway
Fox Chapel is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fox Chapel, PA
How much do homes in Fox Chapel, PA cost?
Median Sold Price
$930,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fox Chapel have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Fox Chapel was $930,000 in May 2024, up 8.1% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $501.1K | N/A |
| 3 Bedrooms | $555K | $566.4K | +2.1% |
| 4 Bedrooms | $845K | $905K | +7.1% |
| 5+ Bedrooms | $1.0M | $1.1M | +16.4% |
Summary: Fox Chapel housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Cities
| Indiana Township | $195K | $214K | +9.7% |
| Fox Chapel | $860K | $930K | +8.1% |
| Aspinwall | $360.5K | $377.7K | +4.8% |
| O'Hara Township | $410.9K | $430K | +4.7% |
Housing Supply in Fox Chapel, PA
How many homes are available in Fox Chapel, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 37 | -2.6% |
Summary: The Fox Chapel real estate market had 37 homes for sale in May 2024, a 2.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The Fox Chapel housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fox Chapel, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Fox Chapel in May 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Fox Chapel, PA
How long does it take to sell a home in Fox Chapel, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 91 Days | 37 Days | -59.6% |
Summary: Homes in Fox Chapel had an average of 37 days on market in May 2024, down by 59.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fox Chapel are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Fox Chapel; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
