Is Coraopolis, 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, Coraopolis has remained a Seller's Market.
Key Takeaway
Coraopolis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Coraopolis, PA
How much do homes in Coraopolis, PA cost?
Median Sold Price
$282,625
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Coraopolis have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Coraopolis was $282,625 in May 2024, up 6.5% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $81K | $88.5K | +9.3% |
| 2 Bedrooms | $137K | $161.1K | +17.6% |
| 3 Bedrooms | $259.9K | $276K | +6.2% |
| 4 Bedrooms | $425K | $425K | 0.0% |
| 5+ Bedrooms | $340K | $405.5K | +19.3% |
Summary: Coraopolis housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 6.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 19.3%.
Median Sold Price Compared To Nearby Cities
| Coraopolis | $265.3K | $282.6K | +6.5% |
| Moon Township | $311K | $299.9K | -3.5% |
Housing Supply in Coraopolis, PA
How many homes are available in Coraopolis, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 114 | 149 | +30.7% |
Summary: The Coraopolis real estate market had 149 homes for sale in May 2024, a 30.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 22 | 30 | +36.4% |
| 3 Bedrooms | 56 | 68 | +21.4% |
| 4 Bedrooms | 31 | 41 | +32.3% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Coraopolis housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 32.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 42 | +50.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coraopolis, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in Coraopolis in May 2024, up by 50.0% month-over-month. Of the 42 sold homes, 48% were sold under asking, 21% were sold at asking, and 31% were sold over asking.
Days on Market for Coraopolis, PA
How long does it take to sell a home in Coraopolis, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 26 Days | -31.1% |
Summary: Homes in Coraopolis had an average of 26 days on market in May 2024, down by 31.1% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Coraopolis are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 42 homes were sold in Coraopolis; 67% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 2% 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.