Is Gibsonia, 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, Gibsonia has remained a Seller's Market.
Key Takeaway
Gibsonia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gibsonia, PA
How much do homes in Gibsonia, PA cost?
Median Sold Price
$408,715
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Gibsonia have sold for 1% less than they did a year ago.
Summary: The median home sold price in Gibsonia was $408,715 in May 2024, down 1% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | $230K | +7.0% |
| 3 Bedrooms | $315K | $337.5K | +7.1% |
| 4 Bedrooms | $551.5K | $579K | +5.0% |
| 5+ Bedrooms | $970K | $930K | -4.1% |
Summary: Gibsonia 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 increased by 7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Gibsonia | $412.8K | $408.7K | -1.0% |
| Valencia | $472.1K | $463.7K | -1.8% |
| Richland Township | $368.7K | $321K | -12.9% |
Housing Supply in Gibsonia, PA
How many homes are available in Gibsonia, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 98 | 108 | +10.2% |
Summary: The Gibsonia real estate market had 108 homes for sale in May 2024, a 10.2% increase 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 | 8 | 8 | 0.0% |
| 3 Bedrooms | 43 | 46 | +7.0% |
| 4 Bedrooms | 30 | 36 | +20.0% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Gibsonia 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 7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 31 | +34.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gibsonia, you may be able to get a good deal. 58.1% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Gibsonia in May 2024, up by 34.8% month-over-month. Of the 31 sold homes, 58% were sold under asking, 10% were sold at asking, and 32% were sold over asking.
Days on Market for Gibsonia, PA
How long does it take to sell a home in Gibsonia, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 42 Days | -14.7% |
Summary: Homes in Gibsonia had an average of 42 days on market in May 2024, down by 14.7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gibsonia are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 31 homes were sold in Gibsonia; 65% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
