$932 Closing Credit*
$78,500
1,196 SqFt
3 Beds
•2 Full Baths
Hannah Krause, Listing Office: Re/Max Select Realty
Is Allegheny County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$242,727
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,615(+5.5%)
Key Takeaway
Homes in Allegheny County have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Allegheny County was $242,727 in November 2024, up 5.5% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $145K | +7.4% |
| 2 Bedrooms | $158K | $166K | +5.1% |
| 3 Bedrooms | $223.5K | $233.9K | +4.7% |
| 4 Bedrooms | $363.9K | $380.6K | +4.6% |
| 5+ Bedrooms | $455K | $527K | +15.8% |
Summary: Allegheny County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 15.8%.
Median Sold Price Compared To Nearby Counties
| Washington County | $239.6K | $265.5K | +10.8% |
| Beaver County | $179.7K | $195K | +8.5% |
| Butler County | $324.2K | $350.1K | +8.0% |
| Westmoreland County | $194.9K | $209K | +7.2% |
| Allegheny County | $230.1K | $242.7K | +5.5% |
Housing Supply in Allegheny County, PA
How many homes are available in Allegheny County, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5,063 | 4,930 | -2.6% |
Summary: The Allegheny County real estate market had 4,930 homes for sale in November 2024, a 2.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 134 | 132 | -1.5% |
| 2 Bedrooms | 994 | 957 | -3.7% |
| 3 Bedrooms | 2,477 | 2,420 | -2.3% |
| 4 Bedrooms | 1,105 | 1,076 | -2.6% |
| 5+ Bedrooms | 353 | 345 | -2.3% |
Summary: The Allegheny County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 1.5%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 2.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 974 | 829 | -14.9% |
Asking Price vs. Sold Price
457 Homes Were Sold
Under Asking
153 Homes Were Sold
At Asking
219 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. 55.1% of homes here sold below asking price last month.
Summary: A total of 829 homes were sold or pending in Allegheny County in November 2024, down by 14.9% month-over-month. Of the 829 sold homes, 55% were sold under asking, 18% were sold at asking, and 26% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 42 Days | -5.2% |
Summary: Homes in Allegheny County had an average of 42 days on market in Nov 2024, down by 5.2% compared to last year.
Breakdown of Home Sale Times
461 Homes Were Sold
Under 30 Days
247 Homes Were Sold
In 30 - 90 Days
121 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 November 2024, 829 homes were sold in Allegheny County; 56% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 15% 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.