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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Home is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Home has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Home, PA

How much do homes in Home, PA cost?

Median Sold Price

$270,443

$125/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$144,943(+115.5%)

Key Takeaway

Homes in Home have sold for 115.5% more than they did a month ago.

Summary: The median home sold price in Home was $270,443 in November 2024, up 115.5% from last month, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $125.5K$246.8K
+96.7%
4 --
N/A
5+ -$294K
N/A

Summary: Home housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 96.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

South Mahoning Township
+200.0%
Home
+115.5%

Housing Supply in Home, PA

How many homes are available in Home, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
75-28.6%

Summary: The Home real estate market had 5 homes for sale in November 2024, a 28.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 31
-66.7%
4 33
0.0%
5+ 11
0.0%

Summary: The Home 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 decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Home, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Home in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Home, PA

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

Average Sale Time

Oct 2024Nov 2024CHANGE
43 Days37 Days-12.8%

Summary: Homes in Home had an average of 37 days on market in Nov 2024, down by 12.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were 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 Home has remained consistent over time.

Summary: During November 2024, 2 homes were sold in Home; 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 22 Days Ago

Newest Listings in Home, PA

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