$2,672 Closing Credit*
$225,000
1,280 SqFt
3 Beds
•2 Full Baths, 1 Partial
Ashley Blair-Lightholder, Listing Office: Howard Hanna Real Estate Services
Is Castle Shannon, 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, 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
$214,500
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,500(+12.9%)
Key Takeaway
Homes in Castle Shannon have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in Castle Shannon was $214,500 in October 2024, up 12.9% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110.5K | $84K | -24.0% |
| 2 Bedrooms | $169K | $172K | +1.8% |
| 3 Bedrooms | $194K | $230K | +18.6% |
| 4 Bedrooms | $215.5K | $290K | +34.6% |
| 5+ Bedrooms | $288.5K | $350K | +21.3% |
Summary: Castle Shannon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 34.6%, and 5+ bedroom homes increased by 21.3%.
Median Sold Price Compared To Nearby Cities
| Baldwin Township | $174K | $225K | +29.3% |
| Castle Shannon | $190K | $214.5K | +12.9% |
| Bethel Park | $272.6K | $283K | +3.8% |
| Mount Lebanon Township | $379K | $380K | 0.3% |
| Whitehall | $288K | $285.1K | -1.0% |
Housing Supply in Castle Shannon, PA
How many homes are available in Castle Shannon, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 32 | +23.1% |
Summary: The Castle Shannon real estate market had 32 homes for sale in October 2024, a 23.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 14 | 19 | +35.7% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Castle Shannon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 35.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were 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. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Castle Shannon in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 30 Days | -7.8% |
Summary: Homes in Castle Shannon had an average of 30 days on market in Oct 2024, down by 7.8% compared to last year.
Breakdown of Home Sale Times
5 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 October 2024, 8 homes were sold in Castle Shannon; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
