$2,968 Closing Credit*
$249,900
3 Beds
•3 Full Baths
Beth Schneider, Listing Office: Re/Max Select Realty
Is Hermitage, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$215,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,050(+19.5%)
Key Takeaway
Homes in Hermitage have sold for 19.5% more than they did a year ago.
Summary: The median home sold price in Hermitage was $215,000 in November 2024, up 19.5% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $193.5K | +10.6% |
| 3 Bedrooms | $169.7K | $195.9K | +15.4% |
| 4 Bedrooms | $304K | $284K | -6.6% |
| 5+ Bedrooms | $430K | $477.5K | +11.0% |
Summary: Hermitage housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 11%.
Housing Supply in Hermitage, PA
How many homes are available in Hermitage, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 55 | +7.8% |
Summary: The Hermitage real estate market had 55 homes for sale in November 2024, a 7.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 25 | 31 | +24.0% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Hermitage housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 24%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hermitage, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Hermitage in November 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 46 Days | -8.9% |
Summary: Homes in Hermitage had an average of 46 days on market in Nov 2024, down by 8.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 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 November 2024, 7 homes were sold in Hermitage; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
