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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Imperial is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Imperial was a Neutral Market.

Key Takeaway

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

Housing Prices in Imperial, PA

How much do homes in Imperial, PA cost?

Median Sold Price

$327,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$1,995(-0.6%)

Key Takeaway

Homes in Imperial have sold for 0.6% less than they did a year ago.

Summary: The median home sold price in Imperial was $327,000 in November 2024, down 0.6% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $183.7K$157.5K
-14.3%
3 $302.4K$295.5K
-2.3%
4 $412.1K$420K
+1.9%
5+ $495K$545K
+10.1%

Summary: Imperial 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 decreased by 14.3%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 10.1%.

Median Sold Price Compared To Nearby Cities

North Fayette Township
+8.5%
Imperial
-0.6%
Findlay Township
-1.4%

Housing Supply in Imperial, PA

How many homes are available in Imperial, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
34340.0%

Summary: The Imperial real estate market had 34 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 1212
0.0%
4 1715
-11.8%
5+ 11
0.0%

Summary: The Imperial 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
610+66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Imperial, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in Imperial in November 2024, up by 66.7% month-over-month. Of the 10 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% were sold over asking.

Days on Market for Imperial, PA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
83 Days49 Days-40.7%

Summary: Homes in Imperial had an average of 49 days on market in Nov 2024, down by 40.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Imperial are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in Imperial; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% 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 21 Days Ago

Newest Listings in Imperial, PA

Nearby Markets to Imperial, PA

What housing markets are near Imperial, PA?