Is Carnegie, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carnegie is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Carnegie was a Seller's Market.

Key Takeaway

Carnegie is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Carnegie, PA

How much do homes in Carnegie, PA cost?

Median Sold Price

$223,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$18,000(+8.8%)

Key Takeaway

Homes in Carnegie have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in Carnegie was $223,000 in October 2024, up 8.8% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $83.4K$110K
+31.8%
2 $153K$147.5K
-3.6%
3 $239.9K$244.5K
+1.9%
4 $229.9K$255.5K
+11.1%
5+ $249K$325K
+30.5%

Summary: Carnegie housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.8%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 30.5%.

Median Sold Price Compared To Nearby Cities

Robinson Township
+22.2%
Carnegie
+8.8%
Scott Township
+3.9%

Housing Supply in Carnegie, PA

How many homes are available in Carnegie, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6255-11.3%

Summary: The Carnegie real estate market had 55 homes for sale in October 2024, a 11.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 78
+14.3%
3 3634
-5.6%
4 116
-45.5%
5+ 66
0.0%

Summary: The Carnegie housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 45.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
189-50.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carnegie, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Carnegie in October 2024, down by 50.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.

Days on Market for Carnegie, PA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
54 Days34 Days-36.4%

Summary: Homes in Carnegie had an average of 34 days on market in Oct 2024, down by 36.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 9 homes were sold in Carnegie; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% 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 16 Days Ago

Newest Listings in Carnegie, PA

Nearby Markets to Carnegie, PA

What housing markets are near Carnegie, PA?