Is McCandless Township, 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, McCandless Township has remained a Seller's Market.
Key Takeaway
McCandless Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McCandless Township, PA
How much do homes in McCandless Township, PA cost?
Median Sold Price
$369,225
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in McCandless Township have sold for 7% more than they did a year ago.
Summary: The median home sold price in McCandless Township was $369,225 in May 2024, up 7% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $129K | +7.5% |
| 2 Bedrooms | $218.7K | $218.5K | -0.1% |
| 3 Bedrooms | $300K | $335K | +11.7% |
| 4 Bedrooms | $430K | $460K | +7.0% |
| 5+ Bedrooms | $453.7K | $519.9K | +14.6% |
Summary: McCandless Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 14.6%.
Median Sold Price Compared To Nearby Cities
| Wexford | $441.7K | $495K | +12.1% |
| McCandless Township | $344.9K | $369.2K | +7.0% |
| Ross Township | $252.8K | $270.5K | +7.0% |
| Hampton Township | $349.5K | $370K | +5.9% |
| Allison Park | $325K | $341K | +4.9% |
Housing Supply in McCandless Township, PA
How many homes are available in McCandless Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 80 | 75 | -6.3% |
Summary: The McCandless Township real estate market had 75 homes for sale in May 2024, a 6.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 13 | 9 | -30.8% |
| 3 Bedrooms | 31 | 30 | -3.2% |
| 4 Bedrooms | 28 | 31 | +10.7% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The McCandless Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 30.8%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 23 | -17.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McCandless Township, you could pay more than the asking price. 65.2% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in McCandless Township in May 2024, down by 17.9% month-over-month. Of the 23 sold homes, 17% were sold under asking, 17% were sold at asking, and 65% were sold over asking.
Days on Market for McCandless Township, PA
How long does it take to sell a home in McCandless Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 19 Days | -32.4% |
Summary: Homes in McCandless Township had an average of 19 days on market in May 2024, down by 32.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in McCandless Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in McCandless Township; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
