Is Plum, 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, Plum has remained a Seller's Market.
Housing Prices in Plum, PA
How much do homes in Plum, PA cost?
Median Sold Price
$240,250
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Plum was $240,250 in May 2024, up 0.1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | $89K | +18.7% |
2 Bedrooms | $130K | $145.7K | +12.1% |
3 Bedrooms | $220K | $235K | +6.8% |
4 Bedrooms | $280K | $380K | +35.7% |
5+ Bedrooms | $321.2K | $437K | +36.0% |
Summary: Plum housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.7%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 36%.
Median Sold Price Compared To Nearby Cities
Cheswick | $210K | $225.5K | +7.4% |
Penn Hills Township | $164.1K | $165.7K | +1.0% |
Plum | $239.9K | $240.2K | 0.1% |
Springdale Township | $153K | $146K | -4.6% |
Springdale | $153K | $140K | -8.5% |
Housing Supply in Plum, PA
How many homes are available in Plum, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
79 | 89 | +12.7% |
Summary: The Plum real estate market had 89 homes for sale in May 2024, a 12.7% 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 | 11 | 10 | -9.1% |
3 Bedrooms | 43 | 46 | +7.0% |
4 Bedrooms | 22 | 28 | +27.3% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Plum 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 9.1%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 31 | +63.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Plum in May 2024, up by 63.2% month-over-month. Of the 31 sold homes, 39% were sold under asking, 16% were sold at asking, and 45% were sold over asking.
Days on Market for Plum, PA
How long does it take to sell a home in Plum, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 31 Days | -22.9% |
Summary: Homes in Plum had an average of 31 days on market in May 2024, down by 22.9% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in Plum; 61% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.