Is McKees Rocks, 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, McKees Rocks has remained a Seller's Market.
Key Takeaway
McKees Rocks is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McKees Rocks, PA
How much do homes in McKees Rocks, PA cost?
Median Sold Price
$67,000
$53/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in McKees Rocks have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in McKees Rocks was $67,000 in May 2024, up 3.1% from last year, and the median price per square foot was $53.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $50K | $55.2K | +10.5% |
| 3 Bedrooms | $85K | $75.2K | -11.5% |
| 4 Bedrooms | $68K | $134.5K | +97.8% |
| 5+ Bedrooms | $57.5K | $67K | +16.5% |
Summary: McKees Rocks 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 increased by 10.5%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes increased by 97.8%, and 5+ bedroom homes increased by 16.5%.
Median Sold Price Compared To Nearby Cities
| Mc Kees Rocks | $154.9K | $185K | +19.4% |
| Stowe Township | $100K | $118.5K | +18.5% |
| Pittsburgh | $230.7K | $241.5K | +4.7% |
| McKees Rocks | $65K | $67K | +3.1% |
| Kennedy Township | $265K | $262.5K | -0.9% |
Housing Supply in McKees Rocks, PA
How many homes are available in McKees Rocks, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Summary: The McKees Rocks real estate market had 23 homes for sale in May 2024, a 4.5% increase 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 | 6 | 3 | -50.0% |
| 3 Bedrooms | 12 | 17 | +41.7% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The McKees Rocks 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 50%, 3 bedroom homes increased by 41.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McKees Rocks, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in McKees Rocks in May 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for McKees Rocks, PA
How long does it take to sell a home in McKees Rocks, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 88 Days | 16 Days | -82.0% |
Summary: Homes in McKees Rocks had an average of 16 days on market in May 2024, down by 82% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McKees Rocks are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in McKees Rocks; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
