$2,849 Closing Credit*
$239,900
3 Beds
•1 Full Bath, 1 Partial
Melissa Lonsinger, Listing Office: Keller Williams Realty
Is Hermitage, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Hermitage was a Seller's Market.
Key Takeaway
Hermitage is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hermitage, PA
How much do homes in Hermitage, PA cost?
Median Sold Price
$207,500
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,500(+14.6%)
Key Takeaway
Homes in Hermitage have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in Hermitage was $207,500 in October 2024, up 14.6% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $168.8K | $191K | +13.2% |
| 3 Bedrooms | $169.9K | $194.1K | +14.2% |
| 4 Bedrooms | $279.6K | $297.5K | +6.4% |
| 5+ Bedrooms | $452.5K | $305K | -32.6% |
Summary: Hermitage 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 13.2%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 32.6%.
Housing Supply in Hermitage, PA
How many homes are available in Hermitage, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 55 | +19.6% |
Summary: The Hermitage real estate market had 55 homes for sale in October 2024, a 19.6% increase 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 | 10 | 13 | +30.0% |
| 3 Bedrooms | 25 | 29 | +16.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Hermitage 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 30%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hermitage, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Hermitage in October 2024, down by 12.5% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Hermitage, PA
How long does it take to sell a home in Hermitage, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 42 Days | -26.6% |
Summary: Homes in Hermitage had an average of 42 days on market in Oct 2024, down by 26.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hermitage has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Hermitage; 29% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
