Is Fox Chapel, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fox Chapel is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Fox Chapel, PA

How much do homes in Fox Chapel, PA cost?

Median Sold Price

$930,000

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,000(+2.8%)

Key Takeaway

Homes in Fox Chapel have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in Fox Chapel was $930,000 in November 2024, up 2.8% from last year, and the median price per square foot was $285.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $501.1K-
N/A
3 $447.9K$670K
+49.6%
4 $905K$840K
-7.2%
5+ $1.1M$1.2M
+2.9%

Summary: Fox Chapel housing prices by bedroom type for November 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 increased by 49.6%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 2.9%.

Median Sold Price Compared To Nearby Cities

Indiana Township
+24.9%
O'Hara Township
+23.1%
Fox Chapel
+2.8%

Housing Supply in Fox Chapel, PA

How many homes are available in Fox Chapel, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3228-12.5%

Summary: The Fox Chapel real estate market had 28 homes for sale in November 2024, a 12.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 33
0.0%
4 1311
-15.4%
5+ 1513
-13.3%

Summary: The Fox Chapel housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 13.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

2 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 Fox Chapel, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Fox Chapel in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Fox Chapel, PA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days19 Days-2.9%

Summary: Homes in Fox Chapel had an average of 19 days on market in Nov 2024, down by 2.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were 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 Fox Chapel are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Fox Chapel; 67% of homes were sold within 30 days, 33% 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 2 Days Ago

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