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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Irwin is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Irwin has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Irwin, PA

How much do homes in Irwin, PA cost?

Median Sold Price

$255,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$19,250(+8.2%)

Key Takeaway

Homes in Irwin have sold for 8.2% more than they did a year ago.

Summary: The median home sold price in Irwin was $255,000 in October 2024, up 8.2% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $55K$88.5K
+60.9%
2 $180K$162K
-10.0%
3 $225K$233.6K
+3.9%
4 $390K$390K
0.0%
5+ $635K$407.9K
-35.8%

Summary: Irwin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60.9%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 3.9%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 35.8%.

Median Sold Price Compared To Nearby Cities

Irwin
+8.2%
North Huntingdon Township
+3.1%

Housing Supply in Irwin, PA

How many homes are available in Irwin, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
118128+8.5%

Summary: The Irwin real estate market had 128 homes for sale in October 2024, a 8.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1213
+8.3%
3 7482
+10.8%
4 2728
+3.7%
5+ 44
0.0%

Summary: The Irwin housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3037+23.3%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Irwin, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in Irwin in October 2024, up by 23.3% month-over-month. Of the 37 sold homes, 51% were sold under asking, 27% were sold at asking, and 22% were sold over asking.

Days on Market for Irwin, PA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days35 Days+14.5%

Summary: Homes in Irwin had an average of 35 days on market in Oct 2024, up by 14.5% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 37 homes were sold in Irwin; 57% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 14% 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 20 Days Ago

Newest Listings in Irwin, PA

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