$1,532 Closing Credit*
$129,000
1,400 SqFt
3 Beds
•2 Full Baths
Lori Dzuka, Listing Office: Howard Hanna Real Estate Services
Is Homestead, 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, Homestead was a Neutral Market.
Key Takeaway
Homestead is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Homestead, PA
How much do homes in Homestead, PA cost?
Median Sold Price
$154,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,000(+6.2%)
Key Takeaway
Homes in Homestead have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Homestead was $154,000 in November 2024, up 6.2% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $52.5K | N/A |
| 2 Bedrooms | $107K | $135K | +26.2% |
| 3 Bedrooms | $165K | $170K | +3.0% |
| 4 Bedrooms | $211K | $195K | -7.6% |
| 5+ Bedrooms | $134.8K | $134K | -0.6% |
Summary: Homestead 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 26.2%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
| Munhall | $154.2K | $167.4K | +8.6% |
| Homestead | $145K | $154K | +6.2% |
| Pittsburgh | $235.2K | $249.6K | +6.1% |
Housing Supply in Homestead, PA
How many homes are available in Homestead, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 91 | 87 | -4.4% |
Summary: The Homestead real estate market had 87 homes for sale in November 2024, a 4.4% decrease 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 | 27 | 25 | -7.4% |
| 3 Bedrooms | 49 | 49 | 0.0% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Homestead 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 decreased by 7.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 21 | +23.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Homestead, you could pay more than the asking price. 47.6% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Homestead in November 2024, up by 23.5% month-over-month. Of the 21 sold homes, 38% were sold under asking, 14% were sold at asking, and 48% were sold over asking.
Days on Market for Homestead, PA
How long does it take to sell a home in Homestead, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 66 Days | 44 Days | -33.3% |
Summary: Homes in Homestead had an average of 44 days on market in Nov 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Homestead are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in Homestead; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
