Is Indiana County, 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, Indiana County has remained a Seller's Market.
Housing Prices in Indiana County, PA
How much do homes in Indiana County, PA cost?
Median Sold Price
$152,021
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Indiana County was $152,021 in May 2024, up 2.7% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $34.7K | N/A |
2 Bedrooms | $100K | $115K | +15.0% |
3 Bedrooms | $150K | $158.5K | +5.7% |
4 Bedrooms | $210K | $223.5K | +6.4% |
5+ Bedrooms | $280K | $128.4K | -54.1% |
Summary: Indiana County 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 15%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 54.1%.
Median Sold Price Compared To Nearby Counties
Westmoreland County | $192.2K | $205.6K | +7.0% |
Armstrong County | $145K | $155K | +6.9% |
Indiana County | $148K | $152K | +2.7% |
Housing Supply in Indiana County, PA
How many homes are available in Indiana County, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
182 | 190 | +4.4% |
Summary: The Indiana County real estate market had 190 homes for sale in May 2024, a 4.4% increase 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 | 33 | 31 | -6.1% |
3 Bedrooms | 106 | 113 | +6.6% |
4 Bedrooms | 29 | 31 | +6.9% |
5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Indiana County 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 6.1%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 36 | -10.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Indiana County in May 2024, down by 10.0% month-over-month. Of the 36 sold homes, 50% were sold under asking, 14% were sold at asking, and 36% were sold over asking.
Days on Market for Indiana County, PA
How long does it take to sell a home in Indiana County, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
62 Days | 46 Days | -25.4% |
Summary: Homes in Indiana County had an average of 46 days on market in May 2024, down by 25.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 36 homes were sold in Indiana County; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.