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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Herminie is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Herminie, PA

How much do homes in Herminie, PA cost?

Median Sold Price

$162,500

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,600(+6.3%)

Key Takeaway

Homes in Herminie have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Herminie was $162,500 in October 2024, up 6.3% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $90K$145K
+61.1%
3 $180.9K$155K
-14.3%
4 $147.4K$295K
+100.1%
5+ --
N/A

Summary: Herminie 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 increased by 61.1%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 100.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Sewickley Township
+7.3%
Hempfield Township
+6.4%
Herminie
+6.3%

Housing Supply in Herminie, PA

How many homes are available in Herminie, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
65-16.7%

Summary: The Herminie real estate market had 5 homes for sale in October 2024, a 16.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 10
-100.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Herminie 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 33.3%, 3 bedroom homes decreased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Herminie, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Herminie in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Herminie, PA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
86 Days85 Days-1.7%

Summary: Homes in Herminie had an average of 85 days on market in Oct 2024, down by 1.7% compared to last year.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in Herminie has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Herminie; 0% of homes were sold within 30 days, 100% 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 11 Days Ago

Newest Listings in Herminie, PA

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