Is Greensburg, 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, Greensburg has remained a Seller's Market.
Key Takeaway
Greensburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Greensburg, PA
How much do homes in Greensburg, PA cost?
Median Sold Price
$236,500
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Greensburg have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Greensburg was $236,500 in May 2024, up 2.8% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | $92K | +84.0% |
| 2 Bedrooms | $136.1K | $159.9K | +17.5% |
| 3 Bedrooms | $213.2K | $224.9K | +5.5% |
| 4 Bedrooms | $320K | $345K | +7.8% |
| 5+ Bedrooms | $310K | $367.5K | +18.5% |
Summary: Greensburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 84%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 18.5%.
Median Sold Price Compared To Nearby Cities
| Hempfield Township | $234.9K | $250K | +6.4% |
| Greensburg | $230K | $236.5K | +2.8% |
Housing Supply in Greensburg, PA
How many homes are available in Greensburg, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 152 | 149 | -2.0% |
Summary: The Greensburg real estate market had 149 homes for sale in May 2024, a 2.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 17 | 14 | -17.6% |
| 3 Bedrooms | 79 | 78 | -1.3% |
| 4 Bedrooms | 40 | 43 | +7.5% |
| 5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The Greensburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 48 | +17.1% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greensburg, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Greensburg in May 2024, up by 17.1% month-over-month. Of the 48 sold homes, 44% were sold under asking, 25% were sold at asking, and 31% were sold over asking.
Days on Market for Greensburg, PA
How long does it take to sell a home in Greensburg, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 59 Days | +45.2% |
Summary: Homes in Greensburg had an average of 59 days on market in May 2024, up by 45.2% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greensburg are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 48 homes were sold in Greensburg; 60% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
