Is Mc Donald, 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, Mc Donald has remained a Seller's Market.
Key Takeaway
Mc Donald is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mc Donald, PA
How much do homes in Mc Donald, PA cost?
Median Sold Price
$385,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mc Donald have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Mc Donald was $385,000 in May 2024, up 2.9% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67K | $70K | +4.5% |
| 2 Bedrooms | $195K | $145K | -25.6% |
| 3 Bedrooms | $320K | $243.2K | -24.0% |
| 4 Bedrooms | $429.9K | $460K | +7.0% |
| 5+ Bedrooms | $562.5K | $540K | -4.0% |
Summary: Mc Donald housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes decreased by 25.6%, 3 bedroom homes decreased by 24%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 4%.
Housing Supply in Mc Donald, PA
How many homes are available in Mc Donald, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 61 | 70 | +14.8% |
Summary: The Mc Donald real estate market had 70 homes for sale in May 2024, a 14.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 37 | 41 | +10.8% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Mc Donald 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 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mc Donald, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Mc Donald in May 2024, up by 20.0% month-over-month. Of the 18 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Mc Donald, PA
How long does it take to sell a home in Mc Donald, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 36 Days | 31 Days | -15.2% |
Summary: Homes in Mc Donald had an average of 31 days on market in May 2024, down by 15.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mc Donald are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Mc Donald; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
