Is McKeesport, 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, McKeesport has remained a Seller's Market.
Key Takeaway
McKeesport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McKeesport, PA
How much do homes in McKeesport, PA cost?
Median Sold Price
$104,725
$79/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in McKeesport have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in McKeesport was $104,725 in May 2024, down 4.8% from last year, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $84.4K | -6.1% |
| 2 Bedrooms | $79.9K | $81.1K | +1.6% |
| 3 Bedrooms | $115K | $109.9K | -4.4% |
| 4 Bedrooms | $150K | $125K | -16.7% |
| 5+ Bedrooms | $18K | $125K | +594.4% |
Summary: McKeesport housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes increased by 1.6%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 594.4%.
Housing Supply in McKeesport, PA
How many homes are available in McKeesport, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 145 | 142 | -2.1% |
Summary: The McKeesport real estate market had 142 homes for sale in May 2024, a 2.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 39 | 40 | +2.6% |
| 3 Bedrooms | 81 | 82 | +1.2% |
| 4 Bedrooms | 20 | 14 | -30.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The McKeesport housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 30 | +7.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McKeesport, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in McKeesport in May 2024, up by 7.1% month-over-month. Of the 30 sold homes, 53% were sold under asking, 13% were sold at asking, and 33% were sold over asking.
Days on Market for McKeesport, PA
How long does it take to sell a home in McKeesport, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 63 Days | 40 Days | -36.2% |
Summary: Homes in McKeesport had an average of 40 days on market in May 2024, down by 36.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McKeesport are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 30 homes were sold in McKeesport; 57% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 13% 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.