Is Reserve Township, 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, Reserve Township has remained a Seller's Market.
Key Takeaway
Reserve Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Reserve Township, PA
How much do homes in Reserve Township, PA cost?
Median Sold Price
$225,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Reserve Township have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Reserve Township was $225,000 in May 2024, up 5.9% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | - | N/A |
| 2 Bedrooms | $150K | $185K | +23.3% |
| 3 Bedrooms | $245.9K | $236K | -4.0% |
| 4 Bedrooms | $240K | $226K | -5.8% |
| 5+ Bedrooms | - | $344K | N/A |
Summary: Reserve Township 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 23.3%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ross Township | $252.8K | $270.5K | +7.0% |
| Reserve Township | $212.5K | $225K | +5.9% |
| Pittsburgh | $230.7K | $241.5K | +4.7% |
| Shaler Township | $259.6K | $265K | +2.1% |
Housing Supply in Reserve Township, PA
How many homes are available in Reserve Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Summary: The Reserve Township real estate market had 17 homes for sale in May 2024, a 21.4% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Reserve Township 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 remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Reserve Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Reserve Township in May 2024, up by 300.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Reserve Township, PA
How long does it take to sell a home in Reserve Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 24 Days | -43.6% |
Summary: Homes in Reserve Township had an average of 24 days on market in May 2024, down by 43.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Reserve Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Reserve Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
