Is South Side, 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, South Side was a Seller's Market.
Housing Prices in South Side, PA
How much do homes in South Side, PA cost?
Median Sold Price
$224,900
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Side was $224,900 in May 2024, down 10% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $159K | $269.7K | +69.7% |
2 Bedrooms | $240K | $220.2K | -8.2% |
3 Bedrooms | $268K | $240K | -10.4% |
4 Bedrooms | $208K | $195K | -6.3% |
5+ Bedrooms | $270K | $224K | -17.0% |
Summary: South Side housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 69.7%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 17%.
Median Sold Price Compared To Nearby Neighborhoods
South Side Flats | $280K | $297.7K | +6.3% |
South Side Slopes | $174K | $166K | -4.6% |
South Side | $250K | $224.9K | -10.0% |
Housing Supply in South Side, PA
How many homes are available in South Side, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
122 | 128 | +4.9% |
Summary: The South Side real estate market had 128 homes for sale in May 2024, a 4.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 37 | 33 | -10.8% |
3 Bedrooms | 64 | 71 | +10.9% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The South Side housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 14 | -17.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in South Side in May 2024, down by 17.6% month-over-month. Of the 14 sold homes, 79% were sold under asking, 21% were sold at asking, and 0% were sold over asking.
Days on Market for South Side, PA
How long does it take to sell a home in South Side, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 56 Days | +1.8% |
Summary: Homes in South Side had an average of 56 days on market in May 2024, up by 1.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in South Side; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.