$1,543 Closing Credit*
$129,900
1,248 SqFt
3 Beds
•2 Full Baths
Adam Gleve, Listing Office: Deacon & Hoover Real Estate Advisors Llc
Is Allegheny County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Allegheny County has remained a Seller's Market.
Key Takeaway
Allegheny County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Allegheny County, PA
How much do homes in Allegheny County, PA cost?
Median Sold Price
$241,261
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,268(+4.9%)
Key Takeaway
Homes in Allegheny County have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Allegheny County was $241,261 in October 2024, up 4.9% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $140.7K | +4.3% |
| 2 Bedrooms | $156.5K | $165.1K | +5.5% |
| 3 Bedrooms | $220.9K | $232.3K | +5.2% |
| 4 Bedrooms | $362.5K | $379.9K | +4.8% |
| 5+ Bedrooms | $455.2K | $514.9K | +13.1% |
Summary: Allegheny County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Counties
| Butler County | $322.7K | $350.1K | +8.5% |
| Washington County | $240.2K | $258.9K | +7.8% |
| Westmoreland County | $193.4K | $207.1K | +7.1% |
| Beaver County | $180.1K | $190.2K | +5.6% |
| Allegheny County | $229.9K | $241.2K | +4.9% |
Housing Supply in Allegheny County, PA
How many homes are available in Allegheny County, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4,797 | 5,261 | +9.7% |
Summary: The Allegheny County real estate market had 5,261 homes for sale in October 2024, a 9.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 124 | 138 | +11.3% |
| 2 Bedrooms | 922 | 1,029 | +11.6% |
| 3 Bedrooms | 2,330 | 2,574 | +10.5% |
| 4 Bedrooms | 1,080 | 1,149 | +6.4% |
| 5+ Bedrooms | 341 | 371 | +8.8% |
Summary: The Allegheny County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 8.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 900 | 907 | +0.8% |
Asking Price vs. Sold Price
524 Homes Were Sold
Under Asking
163 Homes Were Sold
At Asking
220 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Allegheny County, you may be able to get a good deal. 57.8% of homes here sold below asking price last month.
Summary: A total of 907 homes were sold or pending in Allegheny County in October 2024, up by 0.8% month-over-month. Of the 907 sold homes, 58% were sold under asking, 18% were sold at asking, and 24% were sold over asking.
Days on Market for Allegheny County, PA
How long does it take to sell a home in Allegheny County, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 38 Days | +3.1% |
Summary: Homes in Allegheny County had an average of 38 days on market in Oct 2024, up by 3.1% compared to last year.
Breakdown of Home Sale Times
493 Homes Were Sold
Under 30 Days
318 Homes Were Sold
In 30 - 90 Days
96 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Allegheny County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 907 homes were sold in Allegheny County; 54% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 11% 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.