Is East McKeesport, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, East McKeesport was a Buyer's Market.
Key Takeaway
East McKeesport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East McKeesport, PA
How much do homes in East McKeesport, PA cost?
Median Sold Price
$28,979
$24/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in East McKeesport have sold for 68.7% less than they did a month ago.
Summary: The median home sold price in East McKeesport was $28,979 in May 2024, down 68.7% from last month, and the median price per square foot was $24.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $92.5K | $32K | -65.4% |
| 3 Bedrooms | - | $32.5K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $25.9K | N/A |
Summary: East McKeesport housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 65.4%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| East McKeesport | $92.5K | $28.9K | -68.7% |
| East Mc Keesport | $92.5K | $28.9K | -68.7% |
Housing Supply in East McKeesport, PA
How many homes are available in East McKeesport, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The East McKeesport real estate market had 14 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The East McKeesport housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East McKeesport, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in East McKeesport in May 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for East McKeesport, PA
How long does it take to sell a home in East McKeesport, PA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 151 Days | 65 Days | -56.6% |
Summary: Homes in East McKeesport had an average of 65 days on market in May 2024, down by 56.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in East McKeesport has remained consistent over time.
Summary: During May 2024, 4 homes were sold in East McKeesport; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
