$593 Closing Credit*
$49,900
2 Beds
•1 Full Bath
Darli Walker, Listing Office: K & S Real Estate, Inc.
Is Hempfield Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Hempfield Township has remained a Seller's Market.
Key Takeaway
Hempfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hempfield Township, PA
How much do homes in Hempfield Township, PA cost?
Median Sold Price
$249,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,000(+6.0%)
Key Takeaway
Homes in Hempfield Township have sold for 6% more than they did a year ago.
Summary: The median home sold price in Hempfield Township was $249,000 in November 2024, up 6% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $27.5K | $88.5K | +221.8% |
| 2 Bedrooms | $150K | $185K | +23.3% |
| 3 Bedrooms | $230K | $224.9K | -2.2% |
| 4 Bedrooms | $345K | $375K | +8.7% |
| 5+ Bedrooms | $403.5K | $368.7K | -8.6% |
Summary: Hempfield Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 221.8%, 2 bedroom homes increased by 23.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 8.6%.
Median Sold Price Compared To Nearby Cities
| South Greensburg | $165.9K | $189.2K | +14.0% |
| Hempfield Township | $235K | $249K | +6.0% |
| Greensburg | $226.5K | $234.4K | +3.5% |
Housing Supply in Hempfield Township, PA
How many homes are available in Hempfield Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 120 | 121 | +0.8% |
Summary: The Hempfield Township real estate market had 121 homes for sale in November 2024, a 0.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 72 | 73 | +1.4% |
| 4 Bedrooms | 29 | 26 | -10.3% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Hempfield Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hempfield Township, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Hempfield Township in November 2024, up by 4.5% month-over-month. Of the 23 sold homes, 48% were sold under asking, 22% were sold at asking, and 30% were sold over asking.
Days on Market for Hempfield Township, PA
How long does it take to sell a home in Hempfield Township, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 44 Days | +167.8% |
Summary: Homes in Hempfield Township had an average of 44 days on market in Nov 2024, up by 167.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hempfield Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in Hempfield Township; 57% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
