Is Allegheny Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Allegheny Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Allegheny Township has remained a Seller's Market.

Key Takeaway

Allegheny Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Allegheny Township, PA

How much do homes in Allegheny Township, PA cost?

Median Sold Price

$227,500

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$24,375(+12.0%)

Key Takeaway

Homes in Allegheny Township have sold for 12% more than they did a year ago.

Summary: The median home sold price in Allegheny Township was $227,500 in November 2024, up 12% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $149K$125K
-16.1%
2 $169.9K$137.5K
-19.1%
3 $203.1K$217.4K
+7.1%
4 $312.5K$365K
+16.8%
5+ $122.7K-
N/A

Summary: Allegheny Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.1%, 2 bedroom homes decreased by 19.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Allegheny Township
+12.0%
Leechburg
+3.3%
West Leechburg
+2.8%
Leechburg
+1.6%

Housing Supply in Allegheny Township, PA

How many homes are available in Allegheny Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2023+15.0%

Summary: The Allegheny Township real estate market had 23 homes for sale in November 2024, a 15.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 1112
+9.1%
4 44
0.0%
5+ 22
0.0%

Summary: The Allegheny Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Allegheny Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Allegheny Township in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Allegheny Township, PA

How long does it take to sell a home in Allegheny Township, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
11 Days27 Days+150.0%

Summary: Homes in Allegheny Township had an average of 27 days on market in Nov 2024, up by 150% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Allegheny Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in Allegheny 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Allegheny Township, PA

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