$2,255 Closing Credit*
$189,900
Dan Howell | Joel Peretic, Listing Office: Coldwell Banker Realty
Is Herminie, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $90K | $145K | +61.1% |
| 3 Bedrooms | $180.9K | $155K | -14.3% |
| 4 Bedrooms | $147.4K | $295K | +100.1% |
| 5+ Bedrooms | - | - | 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 | $396K | $425K | +7.3% |
| Hempfield Township | $234.9K | $249.9K | +6.4% |
| Herminie | $152.9K | $162.5K | +6.3% |
Housing Supply in Herminie, PA
How many homes are available in Herminie, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 1 | 0 | -100.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 86 Days | 85 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
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.
