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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Allegheny is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in East Allegheny, PA

How much do homes in East Allegheny, PA cost?

Median Sold Price

$294,500

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$25,500(+9.5%)

Key Takeaway

Homes in East Allegheny have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in East Allegheny was $294,500 in December 2024, up 9.5% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$372.5K
N/A
2 $260K$205.5K
-21.0%
3 $315K$130K
-58.7%
4 $300K$365K
+21.7%
5+ $115K$280K
+143.5%

Summary: East Allegheny housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21%, 3 bedroom homes decreased by 58.7%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 143.5%.

Median Sold Price Compared To Nearby Neighborhoods

East Allegheny
+9.5%
Spring Hill-City View
-47.9%

Housing Supply in East Allegheny, PA

How many homes are available in East Allegheny, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1819+5.6%

Summary: The East Allegheny real estate market had 19 homes for sale in December 2024, a 5.6% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 55
0.0%
3 45
+25.0%
4 77
0.0%
5+ 22
0.0%

Summary: The East Allegheny housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Allegheny, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in East Allegheny in December 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for East Allegheny, PA

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

Average Sale Time

Dec 2023Dec 2024CHANGE
7 Days29 Days+294.7%

Summary: Homes in East Allegheny had an average of 29 days on market in Dec 2024, up by 294.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 5 homes were sold in East Allegheny; 60% of homes were sold within 30 days, 40% 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 7 Days Ago

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