Is Jeannette, 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, Jeannette has remained a Seller's Market.
Key Takeaway
Jeannette is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jeannette, PA
How much do homes in Jeannette, PA cost?
Median Sold Price
$160,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Jeannette has remained the same since last year.
Summary: The median home sold price in Jeannette was $160,000 in May 2024, up 0.1% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $42.5K | $69K | +62.4% |
| 2 Bedrooms | $100K | $109K | +9.0% |
| 3 Bedrooms | $199.3K | $175K | -12.2% |
| 4 Bedrooms | $247K | $287.5K | +16.4% |
| 5+ Bedrooms | $429.9K | $660K | +53.5% |
Summary: Jeannette housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 62.4%, 2 bedroom homes increased by 9%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 53.5%.
Median Sold Price Compared To Nearby Cities
| Hempfield Township | $234.9K | $250K | +6.4% |
| Jeannette | $159.9K | $160K | 0.1% |
| Penn Township | $299K | $285K | -4.7% |
Housing Supply in Jeannette, PA
How many homes are available in Jeannette, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 91 | 99 | +8.8% |
Summary: The Jeannette real estate market had 99 homes for sale in May 2024, a 8.8% 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 | 22 | 23 | +4.5% |
| 3 Bedrooms | 53 | 54 | +1.9% |
| 4 Bedrooms | 12 | 17 | +41.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Jeannette 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 increased by 4.5%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jeannette, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Jeannette in May 2024, down by 17.4% month-over-month. Of the 19 sold homes, 47% were sold under asking, 21% were sold at asking, and 32% were sold over asking.
Days on Market for Jeannette, PA
How long does it take to sell a home in Jeannette, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 49 Days | +50.2% |
Summary: Homes in Jeannette had an average of 49 days on market in May 2024, up by 50.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jeannette are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Jeannette; 63% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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.