Is West Homestead, 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, West Homestead was a Buyer's Market.
Key Takeaway
West Homestead is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Homestead, PA
How much do homes in West Homestead, PA cost?
Median Sold Price
$177,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in West Homestead have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in West Homestead was $177,000 in May 2024, up 4.2% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $155K | $132.5K | -14.5% |
| 3 Bedrooms | $180K | $179.5K | -0.3% |
| 4 Bedrooms | $115K | $150K | +30.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: West Homestead housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.5%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Munhall | $147.4K | $161.2K | +9.4% |
| Pittsburgh | $230.7K | $241.5K | +4.7% |
| Homestead | $145K | $151.5K | +4.5% |
| West Homestead | $169.9K | $177K | +4.2% |
Housing Supply in West Homestead, PA
How many homes are available in West Homestead, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The West Homestead real estate market had 8 homes for sale in May 2024, a 14.3% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West Homestead 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 increased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Homestead, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in West Homestead in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for West Homestead, PA
How long does it take to sell a home in West Homestead, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 45 Days | +33.3% |
Summary: Homes in West Homestead had an average of 45 days on market in May 2024, up by 33.3% compared to last year.
Breakdown of Home Sale Times
2 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 West Homestead are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in West Homestead; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
