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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Connellsville is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Connellsville was a Neutral Market.

Key Takeaway

Connellsville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Connellsville, PA

How much do homes in Connellsville, PA cost?

Median Sold Price

$161,000

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,750(+14.0%)

Key Takeaway

Homes in Connellsville have sold for 14% more than they did a year ago.

Summary: The median home sold price in Connellsville was $161,000 in November 2024, up 14% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $69.5K$114K
+64.0%
2 $115K$111.9K
-2.7%
3 $155K$162K
+4.5%
4 $166.4K$185K
+11.2%
5+ $115K$195K
+69.6%

Summary: Connellsville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 69.6%.

Median Sold Price Compared To Nearby Cities

Connellsville
+14.0%
Connellsville Township
+14.0%
Dunbar Township
-11.6%

Housing Supply in Connellsville, PA

How many homes are available in Connellsville, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5957-3.4%

Summary: The Connellsville real estate market had 57 homes for sale in November 2024, a 3.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 1716
-5.9%
3 2626
0.0%
4 1110
-9.1%
5+ 54
-20.0%

Summary: The Connellsville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
106-40.0%

Asking Price vs. Sold Price

5 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 Connellsville, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Connellsville in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for Connellsville, PA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
49 Days86 Days+74.4%

Summary: Homes in Connellsville had an average of 86 days on market in Nov 2024, up by 74.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Connellsville has remained consistent over time.

Summary: During November 2024, 6 homes were sold in Connellsville; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% 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 17 Days Ago

Newest Listings in Connellsville, PA

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