Is Kennedy Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Kennedy Township has remained a Seller's Market.
Key Takeaway
Kennedy Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kennedy Township, PA
How much do homes in Kennedy Township, PA cost?
Median Sold Price
$262,500
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kennedy Township have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Kennedy Township was $262,500 in May 2024, down 0.9% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $125K | N/A |
| 2 Bedrooms | $157.5K | $230K | +46.0% |
| 3 Bedrooms | $265K | $262.5K | -0.9% |
| 4 Bedrooms | $332.5K | $417K | +25.4% |
| 5+ Bedrooms | $290K | - | N/A |
Summary: Kennedy Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 46%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 25.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mc Kees Rocks | $154.9K | $185K | +19.4% |
| Stowe Township | $100K | $118.5K | +18.5% |
| Robinson Township | $259.9K | $297.5K | +14.5% |
| McKees Rocks | $65K | $67K | +3.1% |
| Kennedy Township | $265K | $262.5K | -0.9% |
Housing Supply in Kennedy Township, PA
How many homes are available in Kennedy Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 32 | +33.3% |
Summary: The Kennedy Township real estate market had 32 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 10 | +100.0% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Kennedy Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kennedy Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Kennedy Township in May 2024, up by 42.9% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for Kennedy Township, PA
How long does it take to sell a home in Kennedy Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 52 Days | 20 Days | -60.3% |
Summary: Homes in Kennedy Township had an average of 20 days on market in May 2024, down by 60.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kennedy Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Kennedy Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
