Is Grove City, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grove City is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Grove City, PA

How much do homes in Grove City, PA cost?

Median Sold Price

$215,000

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,000(+3.4%)

Key Takeaway

Homes in Grove City have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Grove City was $215,000 in October 2024, up 3.4% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$130K
N/A
2 $158.4K$140K
-11.6%
3 $193.5K$217.9K
+12.6%
4 $245K$314.5K
+28.4%
5+ $372.5K$362.5K
-2.7%

Summary: Grove City 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 decreased by 11.6%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 28.4%, and 5+ bedroom homes decreased by 2.7%.

Housing Supply in Grove City, PA

How many homes are available in Grove City, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4038-5.0%

Summary: The Grove City real estate market had 38 homes for sale in October 2024, a 5.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 1818
0.0%
4 1512
-20.0%
5+ 35
+66.7%

Summary: The Grove City 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 decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1012+20.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grove City, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Grove City in October 2024, up by 20.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Grove City, PA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days44 Days+40.2%

Summary: Homes in Grove City had an average of 44 days on market in Oct 2024, up by 40.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 12 homes were sold in Grove City; 58% of homes were sold within 30 days, 25% 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 4 Days Ago

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