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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Effort is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Effort was a Seller's Market.

Key Takeaway

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

Housing Prices in Effort, PA

How much do homes in Effort, PA cost?

Median Sold Price

$329,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,000(+1.2%)

Key Takeaway

Homes in Effort have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Effort was $329,000 in October 2024, up 1.2% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $199.9K-
N/A
3 $315K$315K
0.0%
4 $350K$365K
+4.3%
5+ $397.5K$325K
-18.2%

Summary: Effort 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 did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 18.2%.

Median Sold Price Compared To Nearby Cities

Chestnuthill Township
+3.1%
Effort
+1.2%
Polk Township
-2.6%

Housing Supply in Effort, PA

How many homes are available in Effort, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1920+5.3%

Summary: The Effort real estate market had 20 homes for sale in October 2024, a 5.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 108
-20.0%
4 45
+25.0%
5+ 46
+50.0%

Summary: The Effort 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

1 Home Was 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 Effort, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Effort in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Effort, PA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days16 Days+23.1%

Summary: Homes in Effort had an average of 16 days on market in Oct 2024, up by 23.1% 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 Effort are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Effort; 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 14 Days Ago

Newest Listings in Effort, PA

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