Is Jefferson Hills, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jefferson Hills is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Jefferson Hills, PA

How much do homes in Jefferson Hills, PA cost?

Median Sold Price

$321,250

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+6.6%)

Key Takeaway

Homes in Jefferson Hills have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Jefferson Hills was $321,250 in October 2024, up 6.6% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $172.7K$184.9K
+7.1%
3 $262.5K$250K
-4.8%
4 $520K$449.9K
-13.5%
5+ $810K$487.5K
-39.8%

Summary: Jefferson Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 13.5%, and 5+ bedroom homes decreased by 39.8%.

Median Sold Price Compared To Nearby Cities

Clairton
+43.2%
Jefferson Hills
+6.6%
Elizabeth
+2.8%

Housing Supply in Jefferson Hills, PA

How many homes are available in Jefferson Hills, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4341-4.7%

Summary: The Jefferson Hills real estate market had 41 homes for sale in October 2024, a 4.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 55
0.0%
3 1820
+11.1%
4 1511
-26.7%
5+ 44
0.0%

Summary: The Jefferson Hills 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
770.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jefferson Hills, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Jefferson Hills in October 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market for Jefferson Hills, PA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days51 Days+52.8%

Summary: Homes in Jefferson Hills had an average of 51 days on market in Oct 2024, up by 52.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Jefferson Hills has remained consistent over time.

Summary: During October 2024, 7 homes were sold in Jefferson Hills; 14% of homes were sold within 30 days, 71% 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 Jefferson Hills, PA

Nearby Markets to Jefferson Hills, PA

What housing markets are near Jefferson Hills, PA?