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 buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in East Allegheny, PA

How much do homes in East Allegheny, PA cost?

Median Sold Price

$280,000

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,000(+4.1%)

Key Takeaway

Homes in East Allegheny have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in East Allegheny was $280,000 in October 2024, up 4.1% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$372.5K
N/A
2 $235K$242.5K
+3.2%
3 $315K$395.5K
+25.6%
4 $277.5K$291.8K
+5.2%
5+ $65K$222.5K
+242.3%

Summary: East Allegheny housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 242.3%.

Median Sold Price Compared To Nearby Neighborhoods

East Allegheny
+4.1%
Spring Hill-City View
-48.4%

Housing Supply in East Allegheny, PA

How many homes are available in East Allegheny, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1721+23.5%

Summary: The East Allegheny real estate market had 21 homes for sale in October 2024, a 23.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 58
+60.0%
4 66
0.0%
5+ 32
-33.3%

Summary: The East Allegheny 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 66.7%, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were 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. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in East Allegheny in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% 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

Oct 2023Oct 2024CHANGE
51 Days27 Days-47.1%

Summary: Homes in East Allegheny had an average of 27 days on market in Oct 2024, down by 47.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was 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 October 2024, 2 homes were sold in East Allegheny; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in East Allegheny, PA

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