Is Natrona Heights, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Natrona Heights was a Seller's Market.
Key Takeaway
Natrona Heights is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Natrona Heights, PA
How much do homes in Natrona Heights, PA cost?
Median Sold Price
$167,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Natrona Heights have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Natrona Heights was $167,000 in May 2024, up 3.7% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $85K | +30.8% |
| 2 Bedrooms | $133K | $147K | +10.5% |
| 3 Bedrooms | $169.4K | $164K | -3.2% |
| 4 Bedrooms | $242K | $247.4K | +2.3% |
| 5+ Bedrooms | $290K | $387K | +33.4% |
Summary: Natrona Heights housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.8%, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 33.4%.
Median Sold Price Compared To Nearby Cities
| Harrison Township | $155K | $163K | +5.2% |
| Natrona Heights | $161K | $167K | +3.7% |
| Fawn Township | $197.7K | $191.1K | -3.4% |
| Tarentum | $149K | $132K | -11.4% |
| Brackenridge | $125K | $109.5K | -12.4% |
Housing Supply in Natrona Heights, PA
How many homes are available in Natrona Heights, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 42 | -4.5% |
Summary: The Natrona Heights real estate market had 42 homes for sale in May 2024, a 4.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 23 | 22 | -4.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Natrona Heights 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 decreased by 6.7%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Natrona Heights, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Natrona Heights in May 2024, down by 30.0% month-over-month. Of the 7 sold homes, 0% were sold under asking, 57% were sold at asking, and 43% were sold over asking.
Days on Market for Natrona Heights, PA
How long does it take to sell a home in Natrona Heights, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 55 Days | 25 Days | -54.2% |
Summary: Homes in Natrona Heights had an average of 25 days on market in May 2024, down by 54.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Natrona Heights are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Natrona Heights; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
