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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greensburg is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Greensburg, PA

How much do homes in Greensburg, PA cost?

Median Sold Price

$239,950

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,950(+5.7%)

Key Takeaway

Homes in Greensburg have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in Greensburg was $239,950 in October 2024, up 5.7% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $92K$82.5K
-10.3%
2 $140K$174.9K
+25.0%
3 $220.1K$220K
-0.1%
4 $325K$365K
+12.3%
5+ $329.9K$344K
+4.3%

Summary: Greensburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 4.3%.

Median Sold Price Compared To Nearby Cities

Southwest Greensburg
+17.9%
Hempfield Township
+6.4%
Greensburg
+5.7%

Housing Supply in Greensburg, PA

How many homes are available in Greensburg, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
190208+9.5%

Summary: The Greensburg real estate market had 208 homes for sale in October 2024, a 9.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2223
+4.5%
3 102108
+5.9%
4 5262
+19.2%
5+ 1415
+7.1%

Summary: The Greensburg 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 4.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4035-12.5%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greensburg, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in Greensburg in October 2024, down by 12.5% month-over-month. Of the 35 sold homes, 51% were sold under asking, 29% were sold at asking, and 20% were sold over asking.

Days on Market for Greensburg, PA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days40 Days-0.6%

Summary: Homes in Greensburg had an average of 40 days on market in Oct 2024, down by 0.6% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 35 homes were sold in Greensburg; 54% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 17% 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 20 Days Ago

Newest Listings in Greensburg, PA

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