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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Irwin is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Irwin was a Seller's Market.

Key Takeaway

Irwin is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Irwin, PA

How much do homes in Irwin, PA cost?

Median Sold Price

$260,360

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,410(+10.8%)

Key Takeaway

Homes in Irwin have sold for 10.8% more than they did a year ago.

Summary: The median home sold price in Irwin was $260,360 in November 2024, up 10.8% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $55K$88.5K
+60.9%
2 $182.9K$169.9K
-7.1%
3 $220K$235K
+6.8%
4 $390K$390K
0.0%
5+ $635K$407.9K
-35.8%

Summary: Irwin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60.9%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 6.8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 35.8%.

Median Sold Price Compared To Nearby Cities

Irwin
+10.8%
North Huntingdon Township
+9.4%

Housing Supply in Irwin, PA

How many homes are available in Irwin, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
125118-5.6%

Summary: The Irwin real estate market had 118 homes for sale in November 2024, a 5.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 1310
-23.1%
3 7975
-5.1%
4 2829
+3.6%
5+ 44
0.0%

Summary: The Irwin housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3819-50.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 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. 47.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Irwin in November 2024, down by 50.0% month-over-month. Of the 19 sold homes, 47% were sold under asking, 32% were sold at asking, and 21% 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

Nov 2023Nov 2024CHANGE
33 Days51 Days+52.1%

Summary: Homes in Irwin had an average of 51 days on market in Nov 2024, up by 52.1% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 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 November 2024, 19 homes were sold in Irwin; 58% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% 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

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