$3,205 Closing Credit*
$269,900
1,609 SqFt
4 Beds
•2 Full Baths, 1 Partial
Jennifer Faure, Listing Office: Coldwell Banker Realty
Is Homestead, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Homestead has remained a Seller's 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
$154,500
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$4,600(+3.1%)
Key Takeaway
Homes in Homestead have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Homestead was $154,500 in December 2024, up 3.1% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $52.5K | N/A |
| 2 Bedrooms | $112.1K | $130.7K | +16.5% |
| 3 Bedrooms | $165K | $170K | +3.0% |
| 4 Bedrooms | $211K | $197.4K | -6.4% |
| 5+ Bedrooms | $104.7K | $134K | +28.0% |
Summary: Homestead housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 28%.
Median Sold Price Compared To Nearby Cities
| Pittsburgh | $236.6K | $249.5K | +5.4% |
| Munhall | $160K | $167K | +4.4% |
| Homestead | $149.9K | $154.5K | +3.1% |
Housing Supply in Homestead, PA
How many homes are available in Homestead, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 92 | 73 | -20.7% |
Summary: The Homestead real estate market had 73 homes for sale in December 2024, a 20.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 27 | 22 | -18.5% |
| 3 Bedrooms | 52 | 42 | -19.2% |
| 4 Bedrooms | 10 | 6 | -40.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Homestead housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.5%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 23 | 16 | -30.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Homestead, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Homestead in December 2024, down by 30.4% month-over-month. Of the 16 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 98 Days | 30 Days | -68.8% |
Summary: Homes in Homestead had an average of 30 days on market in Dec 2024, down by 68.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Homestead are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 16 homes were sold in Homestead; 56% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.