$2,185 Closing Credit*
$184,000
1,177 SqFt
3 Beds
•2 Full Baths
Michael Kusenko, Listing Office: Meridian Real Estate Group
Is Castle Shannon, 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, Castle Shannon has remained a Seller's Market.
Key Takeaway
Castle Shannon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Castle Shannon, PA
How much do homes in Castle Shannon, PA cost?
Median Sold Price
$210,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+7.7%)
Key Takeaway
Homes in Castle Shannon have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Castle Shannon was $210,000 in November 2024, up 7.7% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110.5K | $78K | -29.4% |
| 2 Bedrooms | $166.5K | $175K | +5.1% |
| 3 Bedrooms | $195K | $232.5K | +19.2% |
| 4 Bedrooms | $215.5K | $290K | +34.6% |
| 5+ Bedrooms | $302K | - | N/A |
Summary: Castle Shannon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.4%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 34.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Castle Shannon | $195K | $210K | +7.7% |
| Bethel Park | $271K | $285K | +5.2% |
| Mount Lebanon Township | $373.1K | $388.5K | +4.1% |
| Whitehall | $290K | $285.9K | -1.4% |
Housing Supply in Castle Shannon, PA
How many homes are available in Castle Shannon, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 27 | -10.0% |
Summary: The Castle Shannon real estate market had 27 homes for sale in November 2024, a 10.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 7 | -30.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Castle Shannon 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 decreased by 30%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Castle Shannon, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Castle Shannon in November 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Castle Shannon, PA
How long does it take to sell a home in Castle Shannon, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 32 Days | +39.9% |
Summary: Homes in Castle Shannon had an average of 32 days on market in Nov 2024, up by 39.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Castle Shannon are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Castle Shannon; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
